Ex-Thatcher aide gets Lloyds post

Lord Blackwell, a former Downing Street adviser to Margaret Thatcher and John Major, is to become the next chairman of state-backed Lloyds Banking Group, the bank confirmed today.

The peer, 61, will succeed retiring chairman Sir Win Bischoff, 72, on April 3, in a move widely expected prior to today's announcement.%VIRTUAL-SkimlinksPromo%