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Five Budget takeaways for the City of London

George Osborne's sixth Budget was aimed squarely at the undecided electorate. But among the populist policies, there were measures for the City to digest

Five Budget takeaways for the City of London
Photo: Getty Images

George Osborne's sixth Budget as Chancellor of the Exchequer was aimed squarely at the undecided electorate. But among the populist policies outlined – from tax breaks to pennies off pints – there were measures for the City of London to digest.

• On bank share sales...
Osborne confirmed the government would sell a further £9 billion worth of shares in Lloyds Banking Group within the next year, a process being managed by investment bankers at Morgan Stanley. The government began offloading its holding in the bank in late 2013 and has since made around £8 billion ($12 billion) for the taxpayer.

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