The British government will probably start selling its stake at Lloyds Banking Group PLC and Royal Bank of Scotland by next year, where a total of 65.8 billion pound of tax-payers money may allow further tax cuts in the upcoming election if the sale proceeds without interruptions.

The government owns 41.0 percent in Lloyds and 83.0 percent in RBS, where the plan is expected to be finalized by 2013 - 2014, giving enough freedom for the coalition government to spend as the Office for Budget Responsibility expects the deficit in the budget to be slashed to 2.5% of GDP, to reach 46.0 billion in the year 2015.