Wednesday, April 16, 2008
Mentioned elsewhere on HPC but now the main headling on BBC
The Bank of England is poised to launch a new lending programme for UK banks in an effort to break the logjam in the credit market, the BBC has learned. Final details are still being worked out including the scale of the plan and the exact terms. But it will be similar to moves in the US, will be backed by the Treasury and could be launched as soon as next week.