LIVE BLOG: Project Merlin – Bank deal on lending and bonuses
Project Merlin is launched – the government scheme is designed to get banks lending to businesses and to curb bonuses. Latest details and analysis via #c4news live blog.
The government’s deal with the UK’s biggest banks on lending and bonuses, which has been called “Project Merlin” is due to be released shortly.
The deal is expected to show how much the banks will lend out this year – expected to be around £190bn, as well as tackling the sensitive issue of bankers’ bonuses.
The announcement follows yesterday’s surprise news from the Chancellor that he was making the bank profits tax immediate, and indefinite.
-
Latest news
-
Laughing Boy: New play tells the tragic tale of Connor Sparrowhawk5m
-
Sewage warning system allows some of worst test results to be left off rating system, analysis shows3m
-
Post Office inquiry: Former CEO didn’t like word “bugs” to refer to faulty IT system4m
-
Israeli soldier speaks out on war in Gaza12m
-
PM’s defence spending boost should be ‘celebrated’, says former Armed Forces Minister4m
-
