Latest Lloyds stake sale recovers further £500m

Government reduces Lloyds stake to 22% bringing total recouped from bailed-out bank to 9bn

The government has made another 500m from selling part of its stake in bailed-out Lloyds Banking Group.

The selloff reduces the government share of the group from 23% to just under 22%.

We have raised a further 500m through Lloyds share sales. 9bn now recovered & being used to pay down our national debt