Quantative Easing is latest effort to stimulate lending in the UK
Politics | (1)
My mother who lives in London tipped me off about Quantative Easing last night and I just read this story in The Guardian. The bank of England is buying gilts (Government bonds) from banks and financial institutions, which will provide the latter with the capital that they may like to use to start lending again. Apparently, even well run small businesses in the UK are having trouble getting even the most meagre overdraft or loan at the moment.
Wikipedia defines gilts as: Gilts are bonds issued by the governments of the United Kingdom, South Africa, or Ireland. The term is of ...