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Cable tells banks to increase lending to small firms
WardwarkOwner
Posts: 1,766 Forumite
Comments
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Whoops! ........It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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why should the government want the banks to lend to small business?
it's up to the banks, not the government. Cable trying to get attention again tsk0 -
lemonjelly wrote: »Whoops! ........
lol, pretend its an inflation thread, can't have enough of those
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why should the government want the banks to lend to small business?
it's up to the banks, not the government.
Pssst! That's why I asked on my thread if the government were scapegoating the banks....;)It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
why should the government want the banks to lend to small business?
it's up to the banks, not the government.
Because one of the key reasons for bailing them out was to protect the economy from a lack of lending to businesses as they are collectively the major employers in the country.
General consensus among the business people I know is that they're actually calling in loans to businesses even when there are no defaults let alone creating new loans.0 -
i can understand you saying RBS and Lloyds but Santander, Barclays and HSBC weren't bailed out.WardwarkOwner wrote: »Because one of the key reasons for bailing them out was to protect the economy from a lack of lending to businesses as they are collectively the major employers in the country.
General consensus among the business people I know is that they're actually calling in loans to businesses even when there are no defaults let alone creating new loans.
it's the usual government propaganda deflecting the issue.0 -
i can understand you saying RBS and Lloyds but Santander, Barclays and HSBC weren't bailed out.
it's the usual government propaganda deflecting the issue.
Not directly bailed out however the problem was systemic and had the banks that were directly bailed out not been many of the others would have failed.0 -
Most of the businesses I know are not interested in increasing their borrowing at the moment. (Apart from the ones that are struggling and rather risky)0
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no not at all. they required no government intervention soWardwarkOwner wrote: »Not directly bailed out however the problem was systemic and had the banks that were directly bailed out not been many of the others would have failed.
Barclays took the Middle East funding route because they didn't want any government meddling like for example now.
Santander and HSBC balance sheets were in 'good order'.
Cable should !!!!!! and do a bit more for the small businesses for them instead of deflecting the issue from the government.0 -
why should the government want the banks to lend to small business?
it's up to the banks, not the government. Cable trying to get attention again tsk
maybe he is learning from ed balls.
http://www.labour.org.uk/response-to-bank-lending-figures,2011-05-230
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