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Cable to confirm government plans for a business bank

By rotide
Created 11/09/2012 - 10:33

BBC reports that Vince Cable is to confirm that the government is moving ahead with plans for a government-backed "business bank" to boost lending to UK companies.
In a speech later, the business secretary will say that he hopes such a bank would "shake up the market" and help boost overall lending to firms.


Also on Tuesday, a report by MPs criticised one of the government's existing business support schemes.
The Public Accounts Committee called the Regional Growth Fund "scandalous".    


Source URL:
https://www.newbusiness.co.uk/news/cable-confirm-government-plans-a-business-bank