March 9, 2009
No need for nationalisation
Story link: No need for nationalisation
It seems that Lord Mandelson’s view on the recession and the nationalisation of banks is set in stone, but obviously his voice is not being heard. His comments were made just 48 hours after the Government increased its Lloyds Banking group stake by over 20%, the Government now own 65%.
Lord Mandelson has reiterated that the government has no plans to nationalise the banking sector.
His comments come two days after the government increased its stake in Lloyd Banking Group to 65% from 43%.