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Banks get billions but won’t lend

MPs are angry that banks which signed lending agreements for the asset protection scheme are not keeping their side of the bargain.

At a Treasury select committee meeting to discuss the Bank of England’s inflation report on Tuesday, Labour MP Nick Ainger said: “They signed the agreement and we have been thrusting billions at them and the ordinary person out there seems to be saying what about their side of the agreement? Now that all seems to be bad behaviour by the banks who have agreed to do something and seem not to be doing it.”

Committee chairman John McFall expressed frustration at UKFI which negotiated the lending agreements, saying more transparency is needed.

He said: “What we picked up in our visits around the country was a lot of anger and frustration and betrayal and if the transparency is not there, then taking the public along with us is going to be a lot harder.”

Bank of England governor Mervyn King said he shares concerns about the low level of lending but he expects it to increase over the coming months.


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Windows of opportunity

James Smith reports that after a stark fall in the commercial property sector which shook investors, some commentators believe the market may now finally be bottoming out and starting to offer value


The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]


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