UK chancellor George Osborne, the guy with his mitts on the countries purse strings, says there will be no unaffordable election sweeteners
- Last budget of parliament will be March 18 2015
- Will extend David Miles MPC term so there is no vacancy after May election
He might just make those unaffordable pre-election voter enticements affordable as he’s also announced plans to sell a part of the current holdings in Lloyds bank. He says he won’t sell for less than the 73.6p paid for them (that’s per share not what Lloyds was worth at the time
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The sales will reduce the governments holding (i.e mine and the other taxpayers) in the bank to under 25%
Lloyds shares have fallen a jot on the news and no doubt will drop further after telling the whole world he’s selling a big clip. I do wonder where their thinking comes from sometime. Sell the poxy things first and then tell everyone you clown.