Finance & Stock Market News

UK to announce details of bank lending scheme on Friday

Thu, 12th Jul 2012 11:36

LONDON, July 12 (Reuters) - Britain will announce on Friday details of a scheme to lower finan

ce costs for banks if they lend more to business, the Bank of England said on Thursday.

The joint 'funding for lending' scheme to be run by the BoE and Britain's finance ministry was announced in outline last month by BoE Governor Mervyn King and finance minister George Osborne.

Full details will be released at 1000 GMT on Friday, the BoE said.

(Reporting by David Milliken) Keywords: BRITAIN LENDING/

(david.milliken@reuters.com)(+44 20 7542 5109)(Reuters Messaging: david.milliken.thomsonreuters.com@reuters.net)

COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Next Article: BRIEF-RESEARCH ALERT-S&P Equity Research cuts Burberry target price

Back to Finance News

Datafeed and UK data supplied by NETbuilder and Interactive Data. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.