COMPANIES Alistair Darling is to give Lloyds the go-ahead to market-test its ambitious plan for a £25bn refinancing in a clear sign that the chancellor is willing to release the bank from the government’s toxic asset insurance scheme.
Mr Darling has concluded that Lloyds’ plan to bring in more private capital could be in the public interest but he wants to be sure that the market is ready for such a bold capital raising.
