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20/11/2008
Chancellor's Aid For Small Businesses
A raft of new measures to support small firms, across the UK, to secure loans will be unveiled by the Chancellor next week, the Financial Times has reported.
Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
Underwriting new loans for small organisation, and an extension on taxpayer guarantees for bank lending to growing enterprises, will form part of the plans, the newspaper claimed.
The Chancellor is also expected to reveal proposals for increased funding for scheme targeted at helping small firms to apply for bank loans that carry a 75% taxpayer guarantee.
Last month, Mr Darling called on banking bosses to store-up lending levels up to £53bn, in line with 2007.
(PR/JM)
Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
Underwriting new loans for small organisation, and an extension on taxpayer guarantees for bank lending to growing enterprises, will form part of the plans, the newspaper claimed.
The Chancellor is also expected to reveal proposals for increased funding for scheme targeted at helping small firms to apply for bank loans that carry a 75% taxpayer guarantee.
Last month, Mr Darling called on banking bosses to store-up lending levels up to £53bn, in line with 2007.
(PR/JM)
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
