Cable offers bank pledge as PM adviser questions recession
21st September 2012
Vince Cable visits Gripple
BUSINESS Secretary Vince Cable has promised plans for a state-backed 'business bank' will involve more than a rebranding of current Government support schemes.
Final details for the bank, which would look to improve the flow of finance to small businesses, have yet to be announced amid suggestions the Treasury sees the idea merely as a way of making existing intitiatives more accessible.
Speaking at the MADE Festival in Sheffield, he said: "There's no question of the Government being directly involved in face to face......for the full story register now for free or login below...
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A central non profit government business bank is desperately needed ..... The retail banks get cheap money from the government only to offer it at un-realistic rates provided it can be secured xxx times over ! (These being the organisations that orchestrated the dire straights we are all in)
david preston