UK to drop Merlin lending targets as SME loans lag

LONDON (Reuters) - The government will not extend a deal requiring banks to meet fixed lending targets to businesses, a Treasury source said, scrapping a scheme designed to revive ailing credit markets, which have been a barrier to economic recovery.

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Source: http://uk.reuters.com/article/2012/02/10/uk-britain-crediteasing-idUKTRE8190FW20120210?feedType=RSS&feedName=domesticNews

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