Wednesday, January 14, 2009
Another banking package
Today's announcement of £10 billion of working capital support, together with other measures, came from Lord Mandelson, the business secretary, and is outlined here. That suggests bigger measures are still in the pipeline from the Treasury and/or Downing Street. They may include government guarantees for the issue of new asset-backed securities and the creation of a "bad bank" to take toxic debt off the banks' books.
All the economics you need. Welcome to EconomicsUK, the personal website of David Smith, Economics Editor of The Sunday Times, London.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
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