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Banking

Volume 708: debated on Friday 27 February 2009

Statement

My right honourable friend the Financial Secretary to the Treasury (Stephen Timms) has today made the following Written Ministerial Statement.

Following announcements about the design of the asset protection scheme yesterday, HM Treasury confirms that discussions with Lloyds Banking Group regarding their participation in the scheme (APS) are well advanced. A further update will be provided once negotiations have been completed.