Год выпуска: 2012 Автор: David Merlin-jones Издательство: Страниц: 119 ISBN: 1906837368
Описание
Loans are hard to get, and small and medium-sized enterprises (SMEs) are the hardest hit. Without finance to expand or invest, economic growth for SMEs will be slow or non-existent, with serious effects on the wider economy. There are 4.5 million SMEs, accounting for 60 per cent of private sector employment and 50 per cent of private sector turnover, but while the number of SMEs applying for loans has risen, so has the number of rejections. The recession has, understandably, weakened lending all round, but perfectly sound businesses and whole sectors are being turned down for no reason. In this report, David Merlin-Jones argues that the only way to revive lending permanently is to go beyond restructuring commercial banks. Britain needs a new state-backed investment bank, described here as the 'Enterprise Bank' (EB). This would be able to raise cheap credit in the financial markets by using the UK's AAA credit rating and could pass this on to borrowers. It would lend to any...
