UK Lord Mandelson’s plan to help cash-strapped small and medium-sized companies is a prelude to what is likely to be a more ambitious package of taxpayer support for Britain’s biggest companies.
Downing Street said new proposals would be made “in the next few weeks”, which are likely to focus on the multi-billion pound funding gap facing big employers as credit lines come up for renewal this year. Specific help for Britain’s car sector is also expected in the coming days, which could include a government-backed scheme to provide liquidity to the car companies’ financing arms.
