article_snippet: George Osborne said the Government would offload £11billion of mortgages the State was left holding .
article_snippet: The sale of bank assets taken on by the Government during the financial crisis will raise £20billion to pay down the national debt, The Chancellor said.
article_snippet: the Treasury the Treasury plans to sell at least £9billion worth of shares in Lloyds Banking Group in the coming year as the Treasury reduces the Treasury stake in the bailed-out lender.
article_snippet: Mr Osborne said the Government the Government would also offload £11billion of mortgages the State was left holding following the rescue of Northern Rock and Bradford and Bingley.
article_snippet: Instead the money raised from the sales – as well as savings from lower welfare bills and debt interest payments – will be used to pay down the national debt.