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Lloyds TSB/Abbey tie-up blocked
A huge banking merger between Lloyds TSB and the Abbey National is being blocked by the government -- because it's not in the public interest. The eighteen billion pound deal would have meant the loss of thousands of jobs. But the Department of Trade and Industry accepted advice that the takeover could have damaged the interests of small businesses and other customers. Dai Davies is from the banking union Unify. The BBC's Business Reporter Jenny Scott reports

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Dai Davies of the banking union Unify: "We have seen carnage in the financial sector over the last few years"