The Treasury and Lloyds

Lloyds: George Osborne , the chancellor, had said he wanted the public to be able to be able to buy shares in Lloyds. But the Treasury, which still owns 25% of Lloyds following its 20bn bailout during the 2008 financial crisis, has ruled out a public share sale anytime soon due to stock market volatility, according to The Guardian. Sources in the Treasury said selling shares to the public now would be too risky given market volatility and geopolitical uncertainty. There are also concerned about the 6% drop in Lloyds share price since June and The government has pulled out of plans to sell shares in Lloyds Banking Group to the public before next year general election. While the public will have to wait until at least summer 2015 for the chance to buy shares in Lloyds, the Treasury is likely to continue selling chunks of the bank to institutional investors. (news.financializer.com). As reported in the news.