Banks to be told to improve lending

Britain's Treasury chief Alistair Darling will call on banks to reduce the costs of loans to small business as he attempts to halt halt the country's slide further into recession when he meets with banking executives later Monday. Darling expected to tell executives from banks including Barclay's PL C an the bailed out Royal Bank of Scotland PL C that they must do more to improve lending in return for massive taxpayer support. " What companies are being charged does seem to have gone up relative to what banks are actually having to pay because of the facts that we have very low interests rates". Darling said.