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Northern Rock to be nationalised

Gordon Brown was last night accused of taking Britain "back to the 1970s" after the UK Government admitted it had failed to secure a private buyer for Northern Rock and had no choice but to nationalise the crisis-hit bank.

Gordon Brown was last night accused of taking Britain "back to the 1970s" after the UK Government admitted it had failed to secure a private buyer for Northern Rock and had no choice but to nationalise the crisis-hit bank.