{"value":{"id":171351,"memberId":4117,"member":null,"memberRole":"The Economic Secretary to the Treasury","uin":"HCWS160","dateMade":"2014-12-18T00:00:00","answeringBodyId":14,"answeringBodyName":"HM Treasury","title":"Trading plan for Government’s shares in Lloyds Banking Group.","text":"<p>Yesterday the Chancellor of the Exchequer announced that he has outlined a trading plan to sell more of the Government’s shares in Lloyds Banking Group.</p><p> </p><p>This decision was made on the basis of advice from UK Financial Investments Ltd that it would be appropriate to outline a plan to gradually sell shares in the market over a period of time, in an orderly and measured way and in accordance with pre-agreed parameters. The trading plan will last for approximately six months.</p><p> </p><p>The Government is committed to returning Lloyds to the private sector and getting taxpayers’ money back. A statement will be laid before Parliament with further details at the end of the plan.</p><p> </p><p>Future sales will always be subject to value-for-money considerations and market conditions.</p><p> </p><p> </p>","house":"Commons","noticeNumber":3,"hasAttachments":false,"hasLinkedStatements":false,"linkedStatements":null,"attachments":[]},"links":[{"rel":"self","href":"/Statements/171351","method":"GET"}]}