Lloyds Banking Group

HM Treasury written question – answered on 23rd February 2017.

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Photo of Martyn Day Martyn Day Scottish National Party, Linlithgow and East Falkirk

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on small investors of the cancellation of the public offer of shares in Lloyds Banking Group.

Photo of Martyn Day Martyn Day Scottish National Party, Linlithgow and East Falkirk

To ask Mr Chancellor of the Exchequer, for what reasons the public offer of shares in Lloyds Banking Group was cancelled.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

I refer the Honourable Member to the Written Ministerial Statement made by the Chancellor to the House in October 2016 concerning the Government’s shareholding in Lloyds which he may find useful.

(https://hansard.parliament.uk/Commons/2016-10-10/debates/1610102000012/LloydsBankingGroupGovernmentShares?highlight=lloyds%20bank#contribution-3A623DFD-7653-4A00-B93C-3F8E9A05CAB9)

I should also clarify that retail investors, like any other investor, remain able to buy shares in Lloyds by purchasing shares via a stockbroker.

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