Does it measure up?
Date published: 21 June 2012
The Chancellor and Governor of the Bank of England have announced new funding measures to provide finance for banks at below market rates for a period of several years, provided they sustain or increase lending to UK businesses.
Commenting on the measures, Chamber Chief Economist, Dr Brian Sloan, said: “Although we are generally in favour of increasing funding measures for businesses, we are sceptical about whether these measures will work as intended.
"We ideally want to see the Bank of England do more to support regional economies and infrastructure investment through a special purpose investment vehicle, as this would help to stimulate demand; that is the real problem facing the economy.”
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