There is now "sufficient evidence for a realistic prospect of conviction" of PC Alex MacFarlane, a Crown Prosecution Service review concluded.
Lawyers studied footage appearing to show the officer say to a 21-year-old black man: "The problem with you is you will always be a n*****, yeah?".
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Police are investigating whether a Land Rover Defender found burnt out in West Horsley was involved in Tuesday night's ram raid.
The work, called Gift Horse, replaces the giant blue cockerel that previously sat on the plinth.
50 of the country's worst pollution blackspots are in the capital. Many in places you may visit every day.