Complex sentence: In June 2008, the Treasury announced plans to encourage the growth of credit unions by broadening the common bond and removing outdated restrictions, with the intention of significantly reducing the influence of door step lenders and loan sharks.
Split into simpler sentences: In June 2008, the Treasury announced plans to encourage the growth of credit unions by broadening the common bond and removing outdated restriction. The changes are intended to significantly reduce the influence of door step lenders and loan sharks.