In July, six of the UK’s largest banks joined forces with the British Bankers’ Association (BBA) to form the Business Finance Task Force. The Task Force – consisting of Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander and Standard Chartered – was set up to examine how banks can do more to help Britain return to sustainable growth.

Their report, "Supporting UK Business", was published this week.  It acknowledges the "special responsibilities" that banks must assume if the…

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