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Cable tells banks to increase lending to small firms

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Comments

  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Whoops! ........
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 23 May 2011 at 1:33PM
    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
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    lemonjelly wrote: »
    Whoops! ........

    lol, pretend its an inflation thread, can't have enough of those :)
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    chucky wrote: »
    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.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    chucky wrote: »
    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.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 17 April 2025 at 8:56AM
    [quote=[Deleted User];43861984]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.[/QUOTE]
    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.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    chucky wrote: »
    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.
  • ILW
    ILW Posts: 18,333 Forumite
    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)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 17 April 2025 at 8:56AM
    [quote=[Deleted User];43862312]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.[/QUOTE]
    no not at all. they required no government intervention so

    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.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    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,2011-05-23
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