Whatever the public’s opinion of Lloyds’ takeover of HBOS back in 2008, it doesn’t look like the Government is about to go back on it.
In fact, Chancellor George Osborne has now stated that the takeover cannot be undone: “I don’t think it is possible to break apart the Lloyds/HBOS deal,” he said, when he appeared before the Treasury Select Committee.
Mr Osborne pointed out that the Independent Commission on Banking (ICB) agreed with him on this. You can read more about this here. Read the rest of this entry
