It's Budget Day 💼 UK Chancellor Rishi Sunak stands outside 11 Downing Street with the red box, before he presents his first Budget Budget2020
Quote Message: The Bank of England has done as much as it can within its remit to support the economy. The interest rate cut and establishment of the term funding scheme aimed at small businesses are welcome. But these measures will need to be underpinned by a government-backed credit guarantee scheme that will give banks the confidence to lend. We would expect such a scheme to be announced in the Budget later today.
The Bank of England has done as much as it can within its remit to support the economy. The interest rate cut and establishment of the term funding scheme aimed at small businesses are welcome. But these measures will need to be underpinned by a government-backed credit guarantee scheme that will give banks the confidence to lend. We would expect such a scheme to be announced in the Budget later today.
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