Media playback is unsupported on your device

Chancellor's chance 'to beat Ed Balls over the head'

17 September 2013 Last updated at 12:13 BST

The government has sold a 6% stake of Lloyds Banking Group for £3.21bn, reducing the public's share of the bank to just under one third.

Brown Shipley banking analyst Kevin Doran told BBC Breakfast the sale was not just for economic reasons, but also political ones.

He said "This gives the Chancellor the opportunity to beat Ed Balls over the head next week during the Labour party conference".

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.