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The Evening Standard:
Brown had to act over HBOS

19 September 2008

GIVEN the extraordinary events being played out on global capital markets, should we even be shocked by Lloyd's TSB gobbling up HBOS to create a new banking behemoth? Yes, we should, and not just because of its sheer size some 38 million people will bank or borrow with the combined group.

John Van Reenen's letter was printed in Readers' Views section of The Evening Standard on September 19, 2008
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Related Links
John Van Reenen webpage
Productivity and Innovation webpage