TSB will return to the British stock market for the first time in nearly two decades next month after taxpayer-backed owner Lloyds Banking Group announced its long-awaited flotation.

TSB will become Britain’s eighth biggest high street bank when it is re-launched today as a standalone brand 18 years after disappearing when it merged with Lloyds.

TSB will become Britain’s eighth biggest high street bank in the UK when it is re-launched next week as a standalone brand 18 years after disappearing when it merged with Lloyds.