What our illustrious Chancellor is proposing today is not what it seems. There is a small loan guaranteed scheme in place that doesn't work because the banks will not lend even when the have the loan guaranteed. Now the proposal is for banks to bundle up small loans to busineses and sell the risk to private investors.
How many private investors are there who will purchase anything the banks will bundle up? Look what happened when they bought them the last time! Remember the American banks selling the junk loans? It's history about to repeat, as usual the Tories come up with more failed policies in an attempt to pull the wool over the eyes of the public.
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