1. National

Govt sells 6% Lloyds stake

The Government has sold a 6 per cent stake in Lloyds Banking Group for £3.21 billion at a share price of 75p.

View all 13 updates ›
  1. Laura Kuenssberg

Profits boost for government after selling Lloyds stake

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.

More on this story