The Treasury sold more NatWest shares as the government continued to eat away at its holdings in NatWest Bank.
The company disposed of just over 1% of its stake in the bank for around £5.3m, reducing its shareholding to 14.8%, according to a stock market statement. 
Taxpayers' stake in the financial institution has been more than halved this year as Finance Minister Rachel Reeves aims to completely divest herself of the stake by 2025-26.
Mr Reeves in September scrapped the previous Conservative government's plan to sell state-owned shares to the general public in a high-profile television campaign featuring former newsreader Sir Trevor Macdonald.
Reeves said selling to the public at a discounted price “doesn't represent value for money.”
The Ministry of Finance's sale of the bank's shares has reached two milestones so far this year.
In March, the shareholding rate fell below 30%, meaning the government is no longer classified as a “controlling shareholder.”
By next year, the state will no longer be considered a “related party,” as its stake fell below 20% in July, meaning it will be required to be more transparent about its relationship with the bank.
The state took an 84% stake in the bank after it bailed it out during the 2008 financial crisis and injected £45.5bn into the bank.
