Small firms will get £40bn boost over the next two years

Credit-starved companies face an agonising wait as the Treasury and Britain’s big banks wrangle over an adrenaline shot of as much as £40billion for the moribund economy.

They will have to keep their expansion plans on ice until well into the New Year as the government puts the finishing touches to its ‘credit-easing’ plan for small businesses.

George Osborne said he’d initially underwrite £20billion of loans to firms over the next two years in a bid to channel money to the bedrock of the stalling economy.

Read more: http://www.thisismoney.co.uk/money/news/article-2067838/Small-firms-40bn-boost-years.html#ixzz1gKcbWXCW

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