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The authorities has made a lack of simply over £2bn after promoting one other tranche of shares in Royal Bank of Scotland.
The shares had been offered at £271p every, virtually half the 502p a share paid in the federal government's bailout of RBS a decade in the past when it rescued the bank on the top of the monetary disaster.
The taxpayers' holding in the bank will fall to 62.four% from 70.1% as a results of the share sale to City establishments.
The authorities has mentioned it intends to promote £15bn price of RBS shares by 2023.
Chancellor Philip Hammond mentioned the sale was "a significant step in returning RBS to full private ownership and putting the financial crisis behind us".
"The government should not be in the business of owning banks. The proceeds of this sale will go towards reducing our national debtthis is the right thing to do for taxpayers as we build an economy that is fit for the future," he additionally mentioned.
RBS chief government Ross McEwan mentioned the sale was "an important moment for RBS".
"It also reflects the progress we have made in building a much simpler, safer bank that is focussed on delivering for its customers and its shareholders," he additionally mentioned.
In February, the bank reported an annual revenue of £752mits first for a decade and a sharp turnaround from the £6.95bn loss seen the earlier yr.