November 18, 2011 5:21 pm
George Osborne announced a programme of credit easing at the Conservative party conference in October after Sir Mervyn King, Bank of England governor, said that any additional quantitative easing by the Bank would focus on buying government bonds – not company bonds.
The chancellor then announced plans for a £20bn national loan guarantee scheme, which was explained in more detail as part of his autumn statement. In the meantime, Chris Giles, the FT’s economics editor explains how credit easing would work.
Copyright The Financial Times Limited 2017. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.