Cheltenham & Gloucester

I am really sad as it is announced that one of Britain's oldest bank will close down. Cheltenham & Gloucester was asked to close down after its parent company Lloyds went on a cost cutting drive. I wonder whether it has anything to do with the £2m payout by Lloyds back to the government a few days ago. If these two incidents are related, I have to say that I feel very sad over 1600 employees being made redundant. That is pretty bad indeed.

What is the government going to do then?