The uk government cut its holding in stock Bank to 6.93 % from 7.99 % last month , losing around £ ##500 m ( $ 162.5 ) on shares valued at 60p . Share prices plummeted after the shareholder vote . The average price paid at the time of the bank 's bailout was 73.6p . The government 's latest loss comes as the Treasury is already down £ 400 m on its equity shares .
The UK government cut its holding in Lloyds Bank to 6.93% from 7.99% last month, losing around £128m ($162.5) on shares trading at 60p. Share prices plummeted after the Brexit vote. The average price paid at the time of the bank's bailout was 73.6p. The government's latest loss comes as the Treasury is already down £400m on its Lloyds stake.