Nick Clegg
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Nick Clegg urges banks to lend to businesses

The UK is back in recession.

Official figures show the economy contracted by 0.2% in the first quarter of the year.

The decline in gross domestic product (GDP) was partly the result of the biggest fall in construction for three years.

In a speech to the Institute of Directors, the Deputy Prime Minister, Nick Clegg, said banks needed to continue lending to businesses.

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