Lloyds set to be private in a year
THE GOVERNMENT could sell its entire stake in Lloyds Banking Group before the general election, analysts believe, after it sold another 7.78 per cent stake.
It came as ratings agency Fitch put the bank on negative outlook as government support is withdrawn
The Treasury raised £4.2bn in the sale and now holds 24.8 per cent.
“If the market stays strong, I think the Treasury will get it off their hands,” said Shore Capital’s Gary Greenwood.