Philip Hammond under fire over sale of Lloyds shares

Watchdog calculated £6bn loss to taxpayers, which contradicts chancellor’s claimA claim by Philip Hammond that the government profited by selling off Lloyds Banking Group shares has been questioned by Whitehall’s spending watchdog, which has calculated a loss to the taxpayer of nearly £6bn.During last year’s general election, the chancellor claimed that the government had recovered its losses and received £900m more than it had spent on bailing out the bank. Continue reading…
Via: Philip Hammond under fire over sale of Lloyds shares