On Wed 26th March 2014, HM Government sold shares worth £4.2bn of Lloyds Banking Group plc which equates to 7.78% of the Company.

UK Financial Investments which oversees the shareholdings in RBS and Lloyds Banking Group sold the shares to raise cash for HM Government

[http://www.ukfi.co.uk/releases/20140326_lloyds%20pricing%20announcement.pdf]

It managed to achieve a sale price of £0.755 per share. HM Government has now reduced its holding from 23,326,529,533 ordinary shares to 17,771,118,604 ordinary shares.

HM Government shareholding will be reduced to 24.9%. Thus still nearly owning a quarter of the company.

With the shareprice of £0.75 today on Friday 28th March 2014:

17,771,118,604 x £0.75 = £13,328,338,953.
HM Government’s stake of 24.9% is worth about £13 Billion, approximately what the government borrow each month to fund the budget deficit.