» Thursday, December 11, 2008


Asked what the Prime Minister hoped the first meeting of the lending panel would achieve, the Prime Minister s Spokesman (PMS) told the assembled press that the Treasury would brief in full on the lending panel meeting. The panel was established by the Government to monitor lending to businesses and homeowners and to make sure that all responsible steps to improve the flow of credit were being taken.

The meeting followed Tuesday s meeting of the Home Finance Forum, which was chaired by Lord Myners, where the Mortgage Support Scheme was also discussed. Lord Myners would report back to the lending panel on that discussion, as would Lord Mandelson and BERR ministers on the work of the subgroups on small business finance.

Asked if there was any expectation on the Prime Minister s part that anything would come of this meeting, the PMS replied that it was part of an ongoing process of work that we were undertaking with the banks. Asked if any announcements were expected, the PMS advised people to ask the Treasury for more details.

Asked if the Prime Minister was concerned about the level of the pound, the PMS said that we did not comment on sterling.

original source.

Briefing took place at 16:45 | Search for related news

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