Ministers plan £20bn loan scheme

Ministers are considering plans to guarantee up to £20bn of loans to small businesses to help them survive the downturn, the BBC has learned.

In return for a fee, the state would effectively insure banks against firms defaulting on their payments.

Business Secretary Lord Mandelson said the plans would be "really effective" and target "genuine business needs".

The Tories want ministers to underwrite £50bn of loans, while the Lib Dems have accused Labour of "stunts and wheezes".


If I had 20 billion pounds

http://news.bbc.co.uk/1/hi/uk_politics/7825460.stm

yh imagine that!

but anyways i hope small companies get the money they need cuz like they are being affected badly, hell evry1 is ......but its sad when they start closing down

Wish the government had done sumting 4 Woolworths...........

Safi wrote:yh imagine that!

but anyways i hope small companies get the money they need cuz like they are being affected badly, hell evry1 is ......but its sad when they start closing down

Wish the government had done sumting 4 Woolworths...........

Yeah woolworths took the biggest toll, they had to sell their company for £1 but the buyers would be in £300bn of debt!


This is just an idea but they are near to executing it so banks and companies can benefit from their debt.

£20bill wow thats alot....

Maybe if they thought of that earlier they could of saved Woolworths.

Taha Talaghani wrote:£20bill wow thats alot....

Maybe if they thought of that earlier they could of saved Woolworths.

i miss woolworths

to say the truth Woolworths deserved to go down...