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State bank a 'non-starter'

State bank a 'non-starter'
Vince Cable's idea of a state-backed bank would not be given the go-ahead by the EU, the Treasury has warned.

The Business Secretary proposed a "government-backed institution" to lend money to small and medium businesses - but it is unlikely to pass EU state aid rules.

Green Box: State bank a 'non-starter'Click to open

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On air

Darling: We can't be complacent over figures

12/09/2012 on Jeff Randall Live