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Archbishop hits out at Osborne over RBS

The Archbishop of Canterbury has accused the UK Government of lacking the political will to break up the part-taxpayer owned RBS and other big banks.

The Most Rev Justin Welby warned the Chancellor he was risking a repeat of the "disasters" of the recent past through his refusal to take more decisive action.

However, George Osborne dismissed his approach as unrealistic, insisting it would mean the end of the City as a global financial centre.

Contextual targeting label: 
Finance

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