George Osborne announced the sale of £13bn of the mortgage assets held from the bailouts of failed institutions Northern Rock and Bradford & Bingley.
He also said that Lloyds Bank, which is part-owned by the government, had returned to profit, and was paying a dividend, so it was able to continue its exit from that bailout.
A further £9bn of Lloyds shares would also be sold in the coming year, he said.
Article continues after advert
