19 Feb 2009

Congratulations! You and I own another bank

Yes, it’s official, we are in charge of Lloyds Banking Group, aka Lloyds TSB HBOS.

In fact we didn’t know it. But we’ve had it since 13 October last year.

According to a release that lands on our desks this morning, the Office of National Statistics has deemed that both RBS (which we already knew we owned) and the new Lloyds will be “classified in the public sector”.

You’ll have to check in to Channel 4 News tonight to see what that means for our public debt…

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