howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
This was announced a while back. I have some mixed feelings about this as it has the potential to create more problems than it solves. I do support anything that will help small businesses though so I give it a cautious welcome.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#3
Not being anywhere as knowledgeable as Barry, I would only give it a cautious welcome as 100 years is a very long time.
I would have thought it better to have put the money available, to Banks to lend SMEs at reasonably low interest rates. How do you force them to do that though ?
The vast majority of small businesses that need short-term loans, perhaps in the construction industry, just to finish off the job in many cases, can't get the money and so it all goes tits-up and everyoner loses, instead of common-sense prevailing and everyone wins.
It was interesting to read about the EU relaxing rules about State funding, so soon after SeaFrance going under.
Roger
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#4
i hadn't heard that about the e.u relaxing the rules, they will have to be careful though to avoid the problems with p & o not having a level playing field with sea france in the past.