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Democorruptcy

UK Export Finance

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We have low interest rates and sterling which is supposed to help exporters.

So why do we need to use public funds to "help" them more? Public money is being used to help win contracts for firms. More bank guarantees, they must never lose money no matter what? So presumably when these firms and banks do well, their executive pay increases, very nice for them when we are taking the risk? Why is the governbankment gambling our money picking winners? Didn't firms used to have to survive under their own initiative? We even "help" foreigners buy our goods by lending directly to them!

Quote

 

UKEF’s statutory purpose is to support exports and overseas investments.
We do so principally by providing:

• trade credit insurance to exporters against the risks of non-payment for
amounts owed under export contracts

• guarantees to banks to support working capital financing and the raising of
contract bonds on behalf of exporters

• guarantees to banks and investors in the debt capital markets in respect of
medium- to long-term loans to overseas buyers who purchase goods and
services from UK exporters

• lending directly to overseas buyers who purchase goods and services from
UK exporters

• political risk insurance for investments made overseas

Annual Report 2016 to 2017 https://www.gov.uk/government/publications/uk-export-finance-annual-report-and-accounts-2016-to-2017

 

 

 

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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