Demand Holds Key to Success of New Business Lending Strategy
The Herald › February 10, 2011
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Summary
TO understand the deal thrashed out between banks and the Government on new business lending there is only one phrase you need to remember and that is "sufficient demand".
That enough people have to apply for the pound(s)190 billion on offer for the target to count, is the great get-out clause for the financial institutions and for the Government.See the full content of this document
Extract
Demand Holds Key to Success of New Business Lending Strategy
Chancellor of the Exchequer George Osborne is in a difficult position. He wants banks to lend more. His economic strategy is based on slashing the public sector and hoping that...
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