Lord Kennedy of Southwark – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Kennedy of Southwark on 2016-01-29.

To ask Her Majesty’s Government what is the expected timetable for the Lloyds Banking Group share offer.

Lord O’Neill of Gatley

The government is committed to creating a share owning democracy in Britain. The Lloyds Banking Group share offer will help build that by giving the general public the chance to have a greater stake in our economy and encouraging long-term share ownership.

However, given ongoing events in financial markets, now is not the right time to sell shares to retail investors. We have always been clear that sales are dependent on market conditions and the timing of the offer will be kept under review in light of this.