Chancellor Gideon has claimed that “the taxpayer” has made a profit on the sale of Lloyds Bank shares. That is NOT true. It is yet another example of the half-truths and selective statistics which have come to characterize this government. The money to buy Lloyds shares in the first place, was BORROWED. That had an attendant cost. Therefore, if fees and costs are deducted from the share sale, “the taxpayer” made a LOSS. Gideon is becoming Brownesque in his ability to dispose of national assets.