Get notifications in real-time for staying up to date with content that matters to you.
With the British government’s efforts to revive its flagging economy so far failing to take effect the government has announced a £21 billion (A$46 billion) plan to help small to medium sized businesses access credit.
Under the package the government will partially guarantee up to £20 billion of short-term bank lending to viable firms with revenue up to £500 million ($A1.1 billion), The Wall Street Journal reported overnight.
Speaking at a news conference business secretary Peter Mandelson said; “UK businesses are the backbone of our economy so it is vital that the government acts now. We are absolutely determined to do everything we can to support viable companies through this global downturn.”
COMMENT HERE
Brokers wrote half of FHLDS loans
The latest figures for the FHLDS suggest that brokers assisted in...
Low repayment loan for brokers launches
Specialist lender TrailBlazer Finance has launched a new low repa...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
