The Gord’ done well.

Looks like Gordon Brown has taken that most rare of things, ‘decisive action’ over the HBOS/LLoyds merger, by privately urging the Lloyds boss to take over HBOS and guaranteeing that they wouldn’t face a competitions enquiry from the FSA.

The Lloyds boss said there was absolutely no chance of them taking over HBOS only to be subject to a year long enquiry so it looks like Brown’s intervention proved vital.

It’s a relief given his delaying over Northern Rock, a similar HBOS collapse would make Northern Rock look like small change.