Thatcher style Tory Lloyds sell off in 12montbs

[Welshbeef]

Another press release to unload all remaining shares within 12 months you can buy discounted shares £250-£10k per person and if you hold onto them for a year then there is a "loyalty" bonus.


A great thing to do -- I hope they also promise that (assuming RBS is also in a condition for for sale to the markets) by the end of the next parliment that too will be fully unloaded.

[Welshbeef]

hidetheelephants said:

In what way is it Thatcher style any more than Blair style or Cable style?

It's just like the Br Gas 1980 privitiazation - according the The Telegraph.

[Welshbeef]

Trailhead said:

Where and when can I buy them?

If Tory win the election then they will do it before the end of May 2016.

[Welshbeef]

robemcdonald said:

Haven't the tax payers already bought lloyds already?

Unless you personally & every other person in the UK takes out a personal loan of c£30k to pay off the £1.5trillion debt then you have not. Your children's children's will

[Welshbeef]

AmitG said:

Welshbeef said:

robemcdonald said:

Haven't the tax payers already bought lloyds already?

Unless you personally & every other person in the UK takes out a personal loan of c£30k to pay off the £1.5trillion debt then you have not. Your children's children's will

I think that robemcdonald makes a good point.

Lloyds was already bought using taxpayer money. The nation already owns it. To then "sell" it back to British nationals suggests that the nation is being asked to pay for something that it already owns.

All the Tories are really doing is asking people to write cheques to pay off the national debt, in return for direct exposure to the upside (or downside) of Lloyds stock.

I've simplified a bit, but that's how it looks to me.

UK tax payers have never paid for it - the Govt borrowed the money to bail it out.

[Welshbeef]

speedy_thrills said:

Read the prospectus first.

Strange time to sell given the UKs financial position, cost of borrowing etc. Also why not just tranche them back onto the market progressively and get the best price?

Because if you have mass ownership the public suddenly will stop bashing the bankers as the more they make the individual will gain from dividends and stock increases. Or of course so it's off loaded before the Europe collapse and its knock on impact to the bank