The government has announced a second package of measures to encourage banks to lend to individuals and businesses.

The long list of measures includes a scheme to offer insurance against banks losing more money from the bad debts that started the credit crunch.

Prime Minister Gordon Brown condemned the banks that had made losses from "irresponsible" lending.

The Bank of England has been given a new role - it will be able to buy up to 50bn of assets directly from firms.