John McDonnell responding to Treasury announcement that it has sold all of the public’s stake in Lloyds Banking Group

John
McDonnell MP, Labour’s Shadow Chancellor, responding to the Treasury announcement that it has
sold all of the public’s stake in Lloyds Banking Group, said:

“Two days after the Chancellor shamefully admitted that he will be
unable to sell RBS at a profit, he is now trying to claim the handling of
Lloyds as a success despite having had to scrap his earlier proposed retail
sale because returns were so poor.

"Philip Hammond needs to stop ignoring the elephant in the room of
Britain’s biggest banking failure and get to grips with RBS. Only Labour will
put in place the tough measures needed to reign in our banks instead of Tory
tax giveaways on the bank levy and bankers’ bonus tax.”