The worst start to the year for markets claimed a high-profile victim last week. The British government has scrapped plans to offer the public the chance to buy shares in Lloyds Banking Group until “turbulent markets have calmed down”, the British chancellor George Osborne tweeted last week. Selling a chunk of the bailed-out bank to retail investors was a key plank of the Conservative Party’s re-election manifesto last year. But with markets in a spin,...
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