Qualified advisers answering your
Financial Questions
call 0800 092 1245

Lloyds bank set to request a £5 billion injection from UK taxpayers

Despite rumours that Lloyds bank is in discussions to raise around £25 billion via a fundraising it would appear that the company has approached the UK government about a further £5 billion injection of UK taxpayer's money. At a time when you management of Lloyds bank had been attempting to cut ties with the UK government it appears that they have given up hope of escaping the government clutches and would rather perform a U-turn and seek government investment in the short term.

While there is no doubt at Lloyds bank itself would like to weaken ties with the UK government, it would appear that the regulators and the Bank of England are unsure about the financial strength of the company in the short to medium term. As a consequence, despite paying back £3 billion of UK taxpayer funding in the short term, the company is set to request a further £5 billion to shore up the balance sheet. It is also highly likely that we will see a number of asset disposals in the short to medium term with a requirement to increase cash flow and liquidity prior to any full-blown recovery in the UK economy.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details