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Banks urged to lend

Banks urged to lend
Bank of England Governor Sir Mervyn King has said he wants the Government to apply pressure on Lloyds and RBS to start lending as they are ‘two of the four biggest lenders’. Lord Oakeshott, the former Lib Dem Treasury said that ‘it was time to set new lending targets for the nationalised banks’. The calls came as figures showed bank net lending fell by £10.7bn.

Green Box: Banks urged to lendClick to open

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