Britain sells a further 1 percent of Lloyds shares
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People walk past a branch of Lloyds Bank on Oxford Street in London, Britain July 28, 2016. REUTERS/Peter Nicholls/File Photo
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LONDON (Reuters) - Britain has cut its stake in Lloyds Banking Group
British finance minister Philip Hammond is under pressure to recoup cash from the government's stake in Lloyds and fellow bailed-out bank Royal Bank of Scotland (RBS.L) to relieve a likely shortfall in the nation's finances.
The UK has recouped over 17 billion pounds of taxpayer cash after it began selling off its stake in 2013.
(Reporting by Andrew MacAskill; Editing by Rachel Armstrong and Mark Potter)
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