Analysis: Carney must act to encourage business lending

08/8/2013 | Economist (tiered subscription model), The

The most urgent task awaiting Bank of England Governor Mark Carney is making business lending more attractive to financial institutions, according to The Economist. "With the mortgage market in good health, the Funding for Lending scheme that gives banks access to cheap money should be restricted to those that provide fresh loans to firms," the magazine says. "The scheme could also cover more of the outstanding business loans on banks' books. A really radical Mr Carney would buy up pools of business debt."

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Economist (tiered subscription model), The

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