Banks warned against profiteering from UK coronavirus crisis

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Labour MP Chris Bryant accuses lenders of charging excessive interest rates

British companies, including major banks, have been warned against profiteering from the coronavirus crisis and told to pass on the benefits of historic stimulus measures to their customers.

The Labour MP Chris Bryant has accused UK banks of taking advantage of the surge in demand for emergency loans, despite interest rate cuts and major government-backed borrowing schemes for struggling businesses.

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