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The government sold 6 per cent of Lloyds Banking Group to big investors for £3.2 billion. It still owns 32.7 per cent of the bank. Barclays published details of plans to raise £5.95 billion by issuing new shares. The Financial Conduct Authority warned Barclays of a £50 million fine for a deal with Qatari investors in 2008, in which it failed to ‘act with integrity’ towards shareholders; Barclays contests this. Blitz Games of Leamington, a computer games designers, closed its doors after 23 years. Inflation measured by the consumer prices index fell from 2.8 per cent to 2.7 per cent, but by the retail prices index rose from 3.1 to 3.3 per cent. Five men were jailed for up to seven years for the opportunistic theft of 40 anti-tank mines from a Ministry of Defence train that had stopped at a red signal outside Warrington. First Capital Connect was fined £75,000 after passengers were stuck on a train between St Pancras and Kentish Town in London for three hours in May 2011.
Asked if the coalition could break up before the elections in 2015, Vincent Cable, the Liberal Democrat Business Secretary, said: ‘It’s certainly possible.’
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