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BANK LOAN GUARANTEE SCHEMES

January 13, 2009

Analysis of:Bank Loan Guarantee Schemes | www.ft.com

As the cold freeze thaws the state of the economy seems to be gripped by even more gloomy news. The British Chambers of Commerce reporting from a survey of 6,000 small and medium sized businesses that the economic future in the UK is frighteningIn response to rapidly growing unemployment and the demise of further High Street names, Land of Leather being the latest, the Government has proposed a Loan Guarantee Scheme for the banks totalling £20 billion in order to try and get credit moving againPrecise details have yet to be announced but is this initiative misplaced

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