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 Hugh Jenkins Mr Hugh Jenkins , Wandsworth Putney 12:00 am, 25th July 1968

Is my right hon. Friend aware that it is very much less than 30 years ago, it being almost 14 years ago, when we reaffirmed our policy in favour of bank nationalisation? Does he agree that the degree of concentration of banking has reached a point when it cannot go much further without public ownership coming into consideration?