The scheme, called Funding for Lending, will see the Bank of England make low-cost funds available to banks and building societies.
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Scheme aims to increase loans and lower their cost

The Bank of England and the Treasury have given details of their "funding for lending" scheme, aimed at encouraging banks to lend more to households and businesses.

Up to eighty billion pounds will be made available to banks at a rate considerably cheaper than they can get elsewhere, as long as they increase or maintain their lending.

Hugh Pym reports.

  • 13 Jul 2012
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