Downing Street Says

» Wednesday, January 14, 2009

Economy

Asked about plans to help larger companies borrow, the PMS replied that the Government continued to look at a range of options, and as and when the Treasury and Department for Business were in a position to make any further announcements, they would do.

Put that Peter Mandelson had been asked on the Today Programme about the terms of the Government s recapitalisation, and said that Vince Cable may have been right in saying they were too onerous and they were being looked at, and asked if this was right, the PMS replied that we continued to look at all of these issues, but the focus was really on what more we could do in order to unblock financial credit markets. That was what this morning s announcement had been about in relation to small and medium sized enterprises. Clearly we continued to look at what more we could do in relation to other parts of the financial sector as well. But the emphasis was very much on what we could do in order to get credit and lending flowing again.

Asked about the bad bank issue, the PMS replied that there was a lot of speculation and suggestion about all of this. The Treasury were looking at a range of issues, and as and when they were ready to say more, they would do.

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Economy

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