There are indications that theUK government might be planning to sell its stake in the Lloyds banking group in 2014.

UK Financial Investments (UKFI), the Treasury unit that manages the government stakes in Royal Bank of Scotland and Lloyds Banking Group, had sold 6 per cent of the issued share capital of the banking group in the market. Chancellor George Osborne had indicated that the government will soon start selling its holding in the Lloyds Banking Group.

The UK government has raised about 3.2 billion pounds or about $5.28 billion during the monthof September, 2013. The UK government has about 33 per cent stake in the banking group and is planning to sell its stake in the group.

The National Audit Office said on Wednesday that the taxpayers suffered a loss of £230m through the sale of a stake in Lloyds Banking Group. The claims are against remarks by Osborne in which he said that the Treasury made a profit of £60 million by selling the stake. George Osborne had written on the day of the stake sale in September that the government had sold 6 per cent of Lloyds shares at 75p earning a profit for the taxpayers.

Shares in Lloyds closed at 78.84 pence on the London Stock Exchange on Friday.