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UK: Government to Help Banks Boost Lending

News release: “The Prime Minister and the Chancellor have announced new measures to bring stability to the banking sector and ensure the resumption of lending to families and businesses across the UK…the PM said that a new asset protection scheme would allow the Government to provide insurance cover to banks looking to expand their lending. The Government will also negotiate binding “lending responsibility agreements” with banks with “precise and clear quantitative targets” around lending levels..”

  • Read the Treasury press release on the Government’s financial intervention
  • Read the detailed Treasury press release on the Asset Protection Scheme
  • Related postings on financial system
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