Election 2015: Cameron wants to sell Lloyds shares to public
April 19, 2015 6:17 pm
Up to £4bn worth of Lloyds Bank shares will be offered to small investors at below-market prices if the Conservatives win the election, David Cameron has confirmed to the BBC.
The offer would be part of the £9bn sale of shares in the bailed-out bank announced in the Budget in March.
Mr Cameron said it would “help us recover billions more to pay down the national debt”.
Labour said the Tories had announced the plans at least seven times before.
Shadow Chancellor Ed Balls said he would be “happy to have a look at” the plan as long as it was not which would lead to big institutional investors “making a killing”.
The Liberal Democrats said the idea had been looked at by the coalition government but decided against because it was not clear the money could be recouped for the taxpayer.