I am astounded that the Government is planning on risking more tax payers money to get banks to lend to British businesses. A disturbing number of small businesses are shutting down because the banks have pulled the rug from under their feet by withdrawing overdraft facilities that are essential to maintain their cashflow. Many of these businesses have solid order books and are needed if we are to rebuild our economy.
Haven't we already sunk £37 billion into our banks to get them lending again, what has happened to all of that! So why on earth should we risk a further £10 billion, just to get the banks to do what they promised to do in the first place. Surely the answer is to force them to keep lending the huge stake the Government already has in these banks to our healthy businesses and keep people in work.