Saturday, 1 August 2009

Darling to press banks over lending

Chancellor Alistair Darling will meet the chairmen and chief executives of Britain's largest banks over concerns that lenders are still failing to provide adequate capital to businesses.

Representatives from Lloyds, Royal Bank of Scotland, HSBC and Barclays will be present at a meeting with the Chancellor today.

Following the government's £37bn bank bailout and interest rates being held at a historic low of 0.5% for several months, there are concerns in the government that banks are not doing enough to help provide finance to individuals and companies.

"We [the government] are playing our part, the banks have got to understand that the public will not understand it if they do not play their part to the full," said Mr Darling.

www.ukba.co.uk

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