Banks agree Project Merlin lending and bonus deal
A long-awaited agreement with the largest UK banks on lending, bonuses and transparency has been announced by the government.
Under Project Merlin, banks will lend about £190bn to businesses this year - including £76bn to small firms - and reveal salary details of top earners.
The Chancellor, George Osborne told the House of Commons it was time for Britain to move "from retribution to recovery".
09 Feb 2011