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However, the true cost is disputed, with some critics claiming the lost interest has not been taken into account. Others have argued that the heavy losses previously suffered by Lloyds also hit the government's stake. The shares have been sold off by Morgan Stanley at below the Former chancellor George Osborne had hoped to offer the shares at a discount direct to the public, with a campaign similar to the classic Tell Sid campaign for British Gas in the s.

The turnaround has not been without pain. About 57, jobs have been cut at Lloyds as it returned to profitability. While the sale of the Lloyds stake marks a major turning point for the bank, 5 minute binary options template in trading strategy other bailed-out institution - RBS - remains firmly in government hands.

The now-defunct lloyds banking group share sale form secretly tried to profit from struggling businesses, leaked documents showed last year. Theresa May urges the UK to "seize this moment" but Labour's Jeremy Corbyn says she has "no mandate" and has lost her authority. Cookies on the BBC website The BBC has updated its cookie policy. Continue Change settings Find out more.

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Related Topics Lloyds Banking Group Royal Bank of Scotland.

Lloyds Bank - Share dealing transfer forms - Investments

More on this story. Video Lloyds chief executive Antonio Horta Osorio welcomes the end of government ownership. Video Lloyds boss 'optimistic' about UK economy. Lloyds settles taxpayer tab.

Lloyds reports highest profit in decade. Top Stories Brexit bills at heart of Queen's Speech Theresa May urges the UK to "seize this moment" but Labour's Jeremy Corbyn says she has "no mandate" and has lost her authority.

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