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Government share in Lloyds dips below 2%

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The Government has continued to sell its shares in Lloyds Banking Group, reducing its remaining stake to less than 2 per cent from 6 per cent in January.

The shares are being sold to several buyers through the Government’s trading plan.

The Government has now recovered more than £20bn of the £20.3bn taxpayers injected into Lloyds during the financial crisis, once share sales and dividends received are accounted for.

The Treasury once owned 43 per cent of the group.

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