The Government is looking to reduce the overall size of the taxpayer stake in Lloyds and simultaneously shift more than five billion shares.
Chancellor tells ITV News the sale of £3.21bn worth of Lloyds shares will not necessarily trickle down to struggling households.
The Treasury has started the process of one of the most anticipated business deals in years, but will the taxpayer get their money back?
The Treasury has claimed an independent Scotland could cost Scottish taxpayers £1,000 a year.
The Chief Secretary to the Treasury Danny Alexander said the calculation was based on the "most optimistic independent assessment of Scotland's finances" by the Institute of Fiscal Studies think tank, which published its report last week.
In a letter to Scotland's First Minister Alex Salmond, Mr Alexander cited the IFS' statement that independence would require policy action "equivalent to around an eight percentage point increase in the basic rate of tax".
He said Treasury officials calculated this would mean an average increase for basic rate tax payers in Scotland of around £1,000 per year.
The Treasury has tweeted a graphic which aims to answer the question "Why do we need Help to Buy?"
George Osborne has filed a formal complaint against Brussels over plans to cap bankers' bonuses due to fears the move will backfire and drive up salaries.
The legal action was lodged on Friday, after it had been approved by the Chancellor.
An HM Treasury spokesman said: "These latest EU rules on bonuses, rushed through without any assessment of their impact, will undermine all of this by pushing bankers' fixed pay up rather than down, which will make banks themselves riskier rather than safer.
"Regulation of pay in this manner goes beyond what is permitted in the EU Treaty. That's why we are challenging these rules in the European Court, to ensure the legislation respects the EU Treaty and actually achieves what it's meant to."
In a speech to assembled Lloyds Banking Group staff in Birmingham, Chancellor George Osborne thanked employees for putting up with "difficult decisions" and job restructuring since the 2008 government bailout.
On the Government's six per cent share sale today, the Conservative said that the Treasury achieved a "good price", making a £61 million profit for the taxpayer.
Lloyds Banking Group chief executive boss António Horta-Osorio added that he is "delighted" the Government has taken the opportunity to start selling its bank stake.
Today, in many ways, marks the beginning of the end of the financial crisis. It's symbolic because shares in Lloyds Banking Group have risen enough to allow the Government to make a small profit on the six per cent stake it sold off today.
This is the first payout for taxpayers following the 2008 bailout of Lloyds bank, which of course was carried out by the Labour government at the time and they're now claiming vindication of that policy.
However, taxpayers still have a significant stake of more than 30 per cent in Lloyds.
There's a political angle going on here too and the Chancellor, George Osborne, is trying to keep this momentum flowing in his party's direction following his recent speech in which he stated that the economy had turned the corner.
– Treasury Chief Secretary, Danny Alexander
I think that what it shows is that our economy is turning a corner, that we are now in a position where overseas investors and others are looking to invest in British banks.
Given the massive commitment that the British taxpayer made to rescuing these banks when things went wrong back at the time of the financial crisis, I think that it is a welcome sign that we are starting the process, and of course it will be a long process, of getting the taxpayers' money back.
Taxpayers still have a significant stake in the bank of more than 30 per cent, but Osborne added that the £3.21 billion deal is an "important step" in his spending plans.
Confirm have sold 6% of Lloyds shares at 75p. Profit for taxpayer & important step in plan to get their money back and repair economy
The sale of a six per cent share stake in Lloyds Banking Group has produced a cash profit of £61 million for the Government, and a 'fiscal profit', that will help the books, of £586 million.
However, taxpayers still have a significant stake in the bank of more than 30 per cent.