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 pledged to honour all UK Government debt up to the date of potential Scottish independence, if Scots vote in favour in September's referendum.
ITV News Business Editor Laura Kuenssberg explains:
And important #indyref story - Treasury will stand behind all UK debt - move to prevent market jitters about Scotland going it alone
Treasury paper on guaranteeing Scot debt - NB share of debt Indy Scotland would take on not decided https://t.co/uqoWVKaz7o
The Polish prime minister has criticised David Cameron for singling out Poland in his vow to ban British child benefit payments to children of EU migrants.
According to Treasury figures, over half the children in EU nations who receive child benefit are in Poland.
According to Treasury figures - the UK pays child benefit to 40,000 children living in another EU member state.
More child benefit figures: govt pays it to 13m children of which 40,171 live in EU (Poland 25,659, RoI 2,609, France 2,003, Slovakia 1,881)
The Treasury has confirmed that the government will announce budget cuts of 1% to departments over the next two years.
Making the announcement on Twitter the Treasury said:
Resource budgets in government departments cut by around 1.1% over next two years #responsiblerecovery
£1bn will be cut from Treasury reserve this year. #responsiblerecovery
No cuts to capital, health, schools, aid, HMRC, local gov & security services. MoD given exceptional flexibility #responsiblerecovery
In another message the Treasury said: "Chancellor & Chief Sec have written to cabinet to inform them an extra £1bn a year savings will be made over next 3yrs."
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.