£500m for the latest batch of Lloyds sales
If you've been living in a cave, Lloyds got £20bn of support during the financial crisis and the taxpayer ended up with a 40% stake in the bank. Now, UK Financial Investments (UKFI), are selling bits of it off to try and recoup the money.
Thus far, the Treasury has got around £8.5bn back.
UKFI is really getting a wriggle on with the sales though, and in recent weeks, have upped their work on it in a bid to exploit a surge in the Lloyds' share price.
In a statement, George Osborne said: "These sales are part of our plan to return Lloyds to the private sector and get taxpayers' money back. The proceeds will be used to reduce the national debt."
The government still own 79% of the RBS Group, who themselves got a £45bn bailout in 2008. Again, Osborne is promising a quick sale on that if he ends up keeping his job as chancellor.