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Page last updated at 11:05 GMT, Wednesday, 8 July 2009 12:05 UK

Darling to announce bank reforms

The UK government is set to announce its plans to reform the financial system to prevent future crises.

In a speech to Parliament, Chancellor Alistair Darling will propose new powers to curb bank lending and prevent asset bubbles, such as the housing boom, undermining the real economy.

Mike Sergeant reports.

READ MORE: UK set to reform bank regulation

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