Wednesday, 3 August 2011

Extra Reading Practice 4: Merlin Bank Project

What is the Merlin Bank Project?

Q&A: Project Merlin bank deal

The chancellor has announced details of Project Merlin - an agreement between the government and the UK's four biggest banks.

Read and Answer 3 parts. 

Part 1. Read and note down the key words of the following questions:

 What exactly have the banks agreed?
How much will they lend?
And what have they said about bonuses?
How transparent will banks' pay packages be?
What checks will there be on the banks to make sure they stick to their commitments?
Why was the government so keen to get this deal done?
What difference will it make?
What else is the government doing?

Part 2: Now (don't read and don't copy) use your key words to write your own sentences to summarise the information.

Part 3. Add any new words to your vocabulary dictionary.
       

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