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antharrison
offlineMember
And don't need financing, but does this government take us to be f*cking idiots. Complete bullshit once again.
http://www.bbc.co.uk/news/uk-politics-15907249
The "credit easing" scheme is intended to prevent the British economy falling back into recession.
The plan sees the government underwrite banks' borrowing, allowing them to borrow more cheaply.
This saving should then be passed on to the firms through lower interest rates.
mr blue
offlineMember
Yup, let's solve the crisis that was caused by bad risk lending by lendind money to bad risks. While we're about it let's see if we can prop up unsustainable house prices by encouraging people to borrow more than the can afford to pay back. Rather than calling it 'bad debt' we can give it some sort of snappy name.
'Sub-prime' springs to mind.
Runestone Cowboy
offlineMember
Actually, this is good for some small/medium businesses. I work for one that bids for work on large engineering projects. They don't get paid until the end of the project, so it's useful to borrow money to pay for a load of extra staff for a couple of years, which are needed to complete the work (it's work in the service sector).
A lower interest rate means their bid is more competitive. This is exactly the sort of move that could win the company a major contract and keep me in a job for the next couple of years!
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