Chancellor's £20bn loan plan offers cheaper credit to SMEs

Chancellor's £20bn loan plan offers cheaper credit to SMEs

The credit easing scheme, which [George Osborne] hinted could be expanded to £40bn, will underwrite an initial £20bn of bank loans to SMEs over the next two years in a move that is expected to lower the borrowing cost for businesses by 1%.

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Bibliographische Detailangaben
Veröffentlicht in:Print week 2011-12, p.1
1. Verfasser: Sheahan, Tim
Format: Magazinearticle
Sprache:eng
Schlagworte:
Bank loans
Printers
Printing industry
Small & medium sized enterprises-SME
Small business
Startups
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Beschreibung
Zusammenfassung:The credit easing scheme, which [George Osborne] hinted could be expanded to £40bn, will underwrite an initial £20bn of bank loans to SMEs over the next two years in a move that is expected to lower the borrowing cost for businesses by 1%.
ISSN:1350-9829