Brighton (Reuters) - said Monday, the government will allocate 10 billion pounds towards a new national support commercial Banks to expand the size of the loan smaller companies, the lack of British major borrowers loan.
The government and the support will look similar from private capital amount of matching, and can support up to 1 billion pounds of new and additional loans, business secretary Vince cable said.
Has not yet been named institutions, through the wholesale market and operation, will support small business loans and long-term capital through the existing Banks and other financial business supply.
"We need a new British commercial Banks use clean balance sheet, and have the ability to expand the size of the loan manufacturers, exporters and high growth companies, our economy," cable TV tell in Brighton, southern England free Democratic Party's meeting.
Cable repeatedly complained that small and growing the company can get a loan, they need in reasonable condition and blocked to business as the guidance of economic recovery.
Wikipedia annatto, in the Capital economy (Capital Economics) chief British economist said, the new bank can help small businesses and more extensive economy, but it will take time to what effect.
"It won't get off immediately, what is it, this may help in the medium term than short-term," she said.
"There has been a period of time, in Britain, especially small businesses to bank financing dependence than any other country greater extent, which will benefit for some other forms of small business financing attention. There is a problem, and this should help solve this problem," annatto.
"But I don't think it will do a lot of things to improve overall economic prospect, over the next 12 months."
The plan to increase the other action, by the government and the bank of England from the 2007-2009 financial crisis, are still struggling to revitalize the moribund economy.
Aides said the government commitment is significant scale, compared to the current 5 billion pounds of loan balance smaller companies in Britain and new Banks can in the 12 months to 18 months.
Prevent political OBLIVION
Cable left-leaning party have seen it poll ratings slump since the cut costs alliance to join larger a right-of-centre conservative in the next election, due in 2015 face heavy losses, if the economy failed to turn.
"The country must be stuck slow or no growth, means a big deficit, which leads to more cut, even if the economy growth of a down escalator," cable said.
"This is the economic disaster and political forgotten. We won't let this happens."
Aides said, commercial bank is a political cable after the success, he persuaded the conservative finance minister George Osborne (George Osborne) backup plan, the government funds.
But the conservative party still against another key liberal Democratic Party suggested wealth tax - or "a person of extraordinary powers curtilage tax" - rich attribute.
"Grisly tories (conservative) backwoodsmen, but it is popular and correct. Cable, said," the super rich can't move the castle Monaco and Switzerland, let's start and they are here and tax applause.
Consultant cable said, commercial bank's purpose is to solve their so-called "market failure", the bank rebuilding its balance sheet pressure, is no longer small company loans, in many cases, because they have lost the professional knowledge, and to evaluate the risk involved.
Although Banks are now is the UK's 8 billion pounds of "loan" plan funds start and run, it allows a bank to provide cheaper than the loan property mortgage loan business people are more attractive, they said.
Small business federation (FSB), said the funds required for the company growth, but lack of capital.
FSB chairman John walker said: "in this year every quarter 40% tried to obtain funds enterprise, have been rejected,".
The ministry of commerce said the British chamber of commerce business tour groups, said the bank will in the same way, they in Germany, South Korea and the United States ", "a new and growing company to enter the capital.
Create a national support development bank, the German Renaissance credit bank, the export and import bank of the United States along the cable has long push, but he had to proceed with caution, in order to avoid in foul of the countries of the European Union aid rules.



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