Now we've seen it all
Uk's Georgie Osborne has shelved a decision to sell some of the governments stake in Lloyds due to turbulent markets arising from the global economic turmoil. He says he'll look to make the sale when things have calmed down a bit.
There were a lot of institutions probably licking their lips at grabbing chunks of those shares at even better knockdown prices. Tough luck now, you'll have to go to market for them.
Lloyds shares. Cheap as chips but too cheap for Ozzie to sell
A very sensible decision and one that shows at least one UK Chancellor in the history of many, has his finger on the pulse when it comes to playing the markets (looking at you Gordon Brown). But lets not give him too much credit just yet until we see what price he finally sells them at.
A guarded round of applause...for now
"Hey George, how about we take some Lloyds stock off your hands?"
