BGN Entrepreneur

Businesses and homeowners should see borrowing costs fall and availability of loans improve after Alistair Darling yesterday cut the fees the government charges to guarantee bank borrowing. The Treasury has been considering extra help from UK’s banks and changes to the current ￡250bn credit guarantee scheme as it considers how to ease tight credit conditions. Lenders were informed last Thursday that there would have to be a quid pro quo for any extra help like an increase in their lending.
Banks start to extend lending, but there is a great deal more to be done.

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