Cable tells banks to increase lending to small firms

chucky

chewmylegoff wrote: »

maybe he is learning from ed balls.

http://www.labour.org.uk/response-to-bank-lending-figures,2011-05-23

so Project Merlin isn't working and is this correct?

government is giving the banks a tax cut this year while thousands of police officers are being cut and families on low and middle incomes are being hit hard by the VAT rise.

ILW

What tax cut is this?

chucky

ILW wrote: »

What tax cut is this?

i guess it's related to the bonus tax

chewmylegoff

chucky wrote: »

so Project Merlin isn't working and is this correct?

quite possibly. it's also pretty clear that labour want the banks to increase lending to banks as much as the coalition do.

it would be pretty odd if any of the main political parties didn't want the banks to lend money to small businesses, unless one of the main political parties had a stated policy of trying to shrink the economy of course.

Thrugelmir

chucky wrote: »

i guess it's related to the bonus tax

But on the other hand banks are being taxed on wholesale funding they raise. Which in itself will increase the cost of borrowing.