Barclays, Lloyds and Martins Banks (Merger)

Part of the debate – in the House of Commons at 12:00 am on 25th July 1968.

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Photo of Mr Jon Rankin Mr Jon Rankin , Glasgow Govan 12:00 am, 25th July 1968

In view of the fact that my right hon. Friend has rejected this merger on the ground that it represents an over-concentration of financial power, am I to understand that the idea of nationalising the banks now disappears from our programme?