Cameron pledges £4bn Lloyds share offer for retail investors

Speaking to the BBC, the Prime Minister said small investors would be offered shares at below-market prices as part of the sale of the shares in the bailed-out bank. The share sale was announced in the Budget in March and will help the government to pay down the national debt. The government's stake has steadily come down from 43% at the time of the bailout in 2008 to 22%. Under the terms of the proposed offer, buyers will receive a discount of 5% on the market price at time of sale and the minimum purchase will be £250, with priority given to those purchasing up to £1,000. Those w...