The chancellor is to meet with bank executives over concerns about how much small business owners are being charged for loans despite the record low cost of borrowing.
Alistair Darling revealed in a TV interview that bank executives will be summoned to Downing Street on Monday to discuss the fact that the cost of loans appear to have risen even though the UK's interest rate is currently just 0.5%.
Speaking on the BBC's Andrew Marr Show, Darling said: "The public will not understand it if [the banks] don't seem to be doing their part. I want them to rebuild their balance sheets... but at the same time, because of the particular circumstances we're in now, because of the fact we've got this recession, we also need them to lend money."
The chancellor added the following the emergency state funding provided to the likes of Lloyds and Bank of Scotland, the banks have "got to live up to the promises that they made".
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