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Lloyds Banking Group - Petition asks government to reconsider public share sale

We have set up a petition asking the government to reconsider its decision to cancel the public sale of Lloyds shares.

You can find the petition here:

10,000 signatures on this petition and the government will respond. At 100,000 signatures the petition will be considered for debate in Parliament.

374,000 people registered their interest in the Lloyds Banking Group share through Hargreaves Lansdown alone.

Ian Gorham, Chief Executive Officer, Hargreaves Lansdown.

"We're disappointed the government plan to exclude the general public when selling its stake in Lloyds Banking Group. Rather than engage with working taxpayers willing to invest in our economy, the government has favoured city institutions.

The government should be encouraging people to invest and a public share sale of Lloyds banking Group would be a great way to do this. Lloyds is one of the UK's largest and most important companies, with the potential to reward shareholders over the long term. This is why Hargreaves Lansdown has written to the prime minister and set up a petition urging the government to reconsider its decision."

NOTES TO EDITORS

Globelynx and ISDN ready

Hargreaves Lansdown is equipped with a live in-house broadcast camera via the Globelynx network and has an ISDN line available for radio interviews - 0117 934 9006. To arrange an interview with a Hargreaves Lansdown spokesperson please contact the person you wish to speak to directly using the contact details above, or call Globelynx on 0207 963 7060 or email globelynx@globelynx.com.