Chancellor: Lloyds shares to be available to everyone

Chancellor, George Osborne has said the government plans to offer shares in Lloyds bank to the public - but would not be drawn as to when.

It has been confirmed that 6% of the stake the state owns in the bank - was sold to private investors, raising £3.2bn.

Public ownership of the bank is now 32.7% and the Chancellor said it's an "opportunity to get the British tax-payer's money back after they put all that money in 5 years ago".