The Government has raised £2.1bn by selling some of its stake in Royal Bank of Scotland, but has made a loss of around £1bn compared to the price it bought the shares for at the height of the financial crisis in 2008.
UK Financial Investments, the body that holds the Government's RBS stake, sold 630 million shares - a 5.4% stake in the bank, at 330p each. That compares to the 502p price per share paid by the Government when it bailed out the bank.
The chief executive of RBS has said the Government's sale of shares in the bank reflects the progress it is making.
Ross McEwan said: "I'm pleased the Government has started to sell down its stake.
"It's an important moment and reflects the progress we are making to become a stronger, simpler and fairer bank.
"There is more work to be done but we're determined to build a bank the country can be proud of."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.