{"id":63409,"date":"2015-10-29T07:45:28","date_gmt":"2015-10-29T07:45:28","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=491758d3178144372b31d00c6f58e3be"},"modified":"2015-10-29T07:45:28","modified_gmt":"2015-10-29T07:45:28","slug":"news-story-government-sells-a-further-1-shareholding-in-lloyds","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=63409","title":{"rendered":"News story: Government sells a further 1% shareholding in Lloyds"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December, taking the total raised for the taxpayer to \u00a316 billion and reducing the government\u2019s shareholding to below 10%. <\/p>\n<p>All sales are used to reduce the national debt. <\/p>\n<p>Chancellor of the Exchequer, George Osborne said:<\/p>\n<blockquote>\n<p>It\u2019s fantastic news that we\u2019ve sold more shares in Lloyds Bank, taking the total recovered to \u00a316 billion.<\/p>\n<p>Today\u2019s announcement means that we now own less than 10% of Lloyds Bank &#8211; a significant milestone in our plan to return the bank to the private sector, and get taxpayers money back.<\/p>\n<p class=\"last-child\">I am determined to build on this success by making Lloyds shares available to the public next Spring, so that we can build a share-owning democracy and continue to reduce our national debt.<\/p>\n<\/blockquote>\n<p>A trading plan involves gradually selling shares in the market over time, in an orderly and measured way. <\/p>\n<p>The trading plan was launched on 17 December 2014 and will end no later than 31 December 2015. <\/p>\n<p>HM Treasury recently <a href=\"https:\/\/www.gov.uk\/government\/news\/lloyds-share-offer\">provided an update<\/a> on the Lloyds retail share offer.<\/p>\n<p>As required by Financial Conduct Authority (FCA) rules, Lloyds Banking Group announced today that the government\u2019s shareholding in the bank has crossed through a one percentage point threshold. <\/p>\n<p>This announcement therefore notifies the market that the government has reduced its shareholding in Lloyds to below 10%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lloyds share sales have now raised \u00a316 billion for the taxpayer.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63409"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63409"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63409\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}