More echoes of a desire for central planning of the economy, whether or not it is implemented through ownership:

Britain needs urgent reform to the government’s “insufficiently joined up” industrial policy to cope with the economic challenges after the recession, Lord Mandelson was due to warn in a speech on Tuesday. The business secretary will call for a new market-led “industrial activism”, with significantly improved state support for growth sectors.

Cue unintended consequences, misdirection of investment, market failure and further intervention. And repeat until utter failure.

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