Government to begin Lloyds privatisation

The government is expected to announce that it has set a share value of 61p as its price for Lloyds Banking Group shares currently owned by UKFI reports City A.M. columnist Mark Kleinman at Sky News.

Lloyds Banking Group is currently 39 per cent owned by the government and managed by UK Financial Investments. Lloyds shares are currently at 54.47p per share.