ord 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%. Speaking on the BBC's Andrew Marr show, the business secretary said nationalisation would be neither necessary or desirable". Lord Mandelson admitted banking regulation should have been stronger, and change was now needed globally. 'Influence' Speaking in regard of the government's increased stake in Lloyds, and its 68% share of RBS, he said he remained
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