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Page last updated at 07:51 GMT, Wednesday, 15 June 2011 08:51 UK

Banks' ring-fence 'won't be watertight'

The Chancellor George Osborne will tonight propose to separate the retail and investment arms of British banks.

Former chancellor Lord Lawson and Angela Knight, chief executive of the British Bankers' Association, discuss whether ring-fencing high street branches will protect the sector from further crisis.

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