Osborne 'eyes Lloyds shares sale'

Chancellor George Osborne is preparing to use a keynote speech to the City to signal a sale in shares of taxpayer-backed Lloyds Banking Group, it has been reported.

Mr Osborne will use his Mansion House speech on June 19 to reveal the sell-off of the 39% chunk of the bank owned by the state and worth around £17 billion at current prices, according to the Sunday Times.
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