Alexander: Conservative Lloyds sell-off promise 'uncertain'published at 07:28
BBC Radio 5 Live
It's not certain that a Conservative plan to sell off Lloyds shares to the public can be followed through, Lib Dem Chief Secretary to the Treasury Danny Alexander tells Radio 5 live. He says the Liberal Democrats have "long favoured the idea" of government-held Lloyds shares being sold.
But he goes on: "This idea is one that we have looked at several times in government... and decided against, because it's not been clear that we'd be able, through this method, to get the money back for the taxpayer."
He added that several tranches of Lloyds shares have already been sold, but at a time when the government could make back at least what it had put in.
The government has committed to the Office of Budget Responsibility to selling at least £9bn of shares at above the price suggested by David Cameron, so Mr Alexander "is not certain that this Conservative commitment is one that can be followed through."