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The UK government announced Friday it has lowered its stake in Lloyds Banking Group to less than 1% as it continues to drip-feed shares into the market.
As of present, Britain's stake stands at 0.89%. The news comes following Chancellor Philip Hammond said taxpayers had received all of their money back following it backed a £20.3 billion ($26.2 billion) bailout during the global financial meltdown.
The UKFI resumed sales of Lloyds holdings in October, having halted them for nearly a year because of market upheaval.
