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OFT fears Lloyds TSB-HBOS deal could harm Scots firms

Small and medium-sized businesses in Scotland and people with current accounts and mortgages could all suffer from a reduction in competition arising from Lloyds TSB's rescue takeover of HBOS, the Office of Fair Trading believes.

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IAN McCONNELL, Business Editor

Small and medium-sized businesses in Scotland and people with current accounts and mortgages could all suffer from a reduction in competition arising from Lloyds TSB's rescue takeover of HBOS, the Office of Fair Trading believes.