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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/osborne-to-make-bonuses-statement.jpg"><img class="alignnone size-full" title="Chancellor George Osborne is expected to make a statement on the so-called Project Merlin talks" src="http://londonglossy.com/wp-content/uploads/2011/02/min-osborne-to-make-bonuses-statement.jpg" alt="Chancellor George Osborne is expected to make a statement on the so-called Project Merlin talks"/></a></p>
<p>Chancellor George Osborne is expected to announce the outcome of talks with the banks aimed at curbing bonuses and boosting lending to business.</p>
<p>Whitehall sources said that Mr Osborne was &#8220;likely&#8221; to make a statement on the so-called Project Merlin talks on Wednesday.</p>
<p>The move follows Tuesday&#8217;s announcement by the Chancellor that he was taking a further £800 million this year in the bank levy.</p>
<p>Despite some grumbling from banks, Mr Osborne said that it would &#8220;clear the way&#8221; for an agreement on Project Merlin.</p>
<p>The Government has been seeking a commitment from the big banks to limit payouts in this year&#8217;s forthcoming bonus round.</p>
<p>It has also been seeking an increase in lending to businesses from around £175 billion this year to a reported £190 billion.</p>
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