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Bank nationalisations 'not inevitable'

The Business Secretary, Lord Mandelson, insisted yesterday that full nationalisation of Lloyds and RBS was not "inevitable" as the backlash grew over the cost of Lloyds' takeover of HBOS.

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ROBBIE DINWOODIE, Chief Scottish Political Correspondent

The Business Secretary, Lord Mandelson, insisted yesterday that full nationalisation of Lloyds and RBS was not "inevitable" as the backlash grew over the cost of Lloyds' takeover of HBOS.