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Osborne looks to sell Lloyds as PPI mis-selling costs grow
Chancellor George Osborne is to sell off bailed-out Lloyds bank
Chancellor George Osborne is to sell off bailed-out Lloyds bank even as it continues to spend taxpayers' billions on repaying mis-selling victims.
The banking group confirmed yesterday it had set aside a further £1.8 billion for compensation, bringing total payouts to nearly £10bn over its flogging of useless payment protection insurance policies to customers.
Yet chief executive Antonio Horta-Osorio cheerily went on to project underlying profits of £6.2bn for the past year.
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