We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit Easing
MacMickster
Posts: 3,648 Forumite
http://www.bbc.co.uk/news/business-15148638The chancellor has announced that the Treasury will buy company debt, both to prevent a serious credit crunch if the eurozone melts down and to improve credit conditions for small businesses in the longer term.
So it seems that we are to get "credit easing" instead of/as well as QE this time round.
It seems HM government (or the UK taxpayer) is now prepared to venture into making loans to businesses either when the banks won't oblige, or on favourable terms compared to the banks.
Is this a much needed boost to stimulate growth in UK business, or another example of the economics of the madhouse?
"When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
0
Comments
-
Time to start up as a landlord I reckon. Free loans, cheap mortgages and house prices falling for 15 months in a row, it's a no-brainer.0
-
MacMickster wrote: »
Is this a much needed boost to stimulate growth in UK business, or another example of the economics of the madhouse?
Banks aren't lending to business so it looks like a sensible alternative to me.
A sound business wanting to invest in new equipment to underscore the business' position going forward for example.0 -
So what is the Treasury planning to use for money to buy up these bonds with?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
-
well we know you can't borrow to get out of a debt crisis so I suppose we will just have to print some more money0
-
Seems as if the Treasury is preparing for Eurozone bank meltdown.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards