Harnett Accountants Chiswick brings you this report from the BBC Business News website, claiming that the government’s business bank idea could take up to £40bn to work.
“The government-backed “business bank” planned by Business Secretary Vince Cable will need £40bn to successfully boost lending to UK firms, says the think tank IPPR.
It says the bank must also be able to tap bond markets for up to £100bn.
The IPPR also suggests the government allow the bank to invest in infrastructure projects such as road building to help reflate the economy.”
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