Banks 'hoarding cash' - Clegg
25th April 2012
DEPUTY Prime Minister Nick Clegg will today attack banks for using balance sheet rebuilding as cover for not lending to businesses.
Mr Clegg will reject suggestions that reforms aimed at creating a more robust banking system are making it difficult for banks to lend.
Business has long complained that banks have become far more reluctant to lend since the credit crunch while the banks themselves have pointed to the need to meet new regulations and a lack of demand.
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