Lloyds TSB share offer

Nearly three million people with shares in Lloyds Banking Group have to make a difficult choice over the next couple of weeks.

They are being offered the chance to buy yet more shares in the part nationalised bank at a big discount.

If they choose not to they could get a cash payout instead - but the level of that depends on the value of Lloyds shares in the future.

We discuss the complex offer with Gavin Oldham, chief executive of the Share Centre.

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