Britain cuts Lloyds banking group stake below 14 percent

LONDON (Reuters) - Britain has reduced its stake in Lloyds Banking Group (LLOY.L) to below 14 percent, the finance ministry said in a stock market disclosure on Monday.

The taxpayer's stake has fallen to 13.99 percent, the ministry added.

Lloyds was rescued at a cost of 20.5 billion pounds to taxpayers during the 2007-9 financial crisis.

(Reporting by Carolyn Cohn; editing by Sinead Cruise)