Lloyds today announce a pre tax profit of £3.9 billion, which (to quote their press release) is "the highest that we have ever recorded". This due in no small part due to their purchase of HBOS. There is a subtext to this story, 41% is owned by the government. 41% of the divedend will go to the government. That's if Lloyds don't use the profits to pay back some of the money they owe.