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Osborne backing up to £40bn in 'credit easing' loans

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Osborne backing up to £40bn in 'credit easing' loans

Post by Martyn20 on Mon Nov 28, 2011 2:22 am

Chancellor George Osborne will unveil credit easing schemes to release up to £40bn in loans to small firms when he delivers Tuesday's autumn statement.
Under one plan, the government would underwrite banks' borrowing so they could pass on cheaper loans to firms turning over less than £50m.
Loans of £20bn will be involved initially but this could be doubled.

BBC Story

We all know whatever he does it's the decisions made over the channel that will decide on our economic future.



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