BANKS are "anti-business" and are throttling the recovery, Vince Cable insisted while claiming UK Government reforms would not tackle the industry's obsession with short-term trading profits.
BANKS are \"anti-business\" and are throttling the recovery, Vince Cable insisted while claiming UK Government reforms would not tackle the industry's obsession with short-term trading profits.
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michael settle UK political editor
The Business Secretary said yesterday that quantitative easing alone would not kick-start the economy and attacked the banks for failing to support businesses desperate for loans.
His remarks came as Labour set out proposals for banks to sell off hundreds of high street branches, which would then be used to create "challenger" banks and increase competition.
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