Oh well done Seumas, well done!

Instead of wringing their hands at the state-owned banks\’ cash hoarding, ministers have the power to drive the recovery by instructing them to lend to infrastructure, transport and green technology projects.

That isn\’t \”politically directed lending\”…

Well done indeed. Politicians directing lending for political reasons isn\’t politically directed lending.

As the late great DA put it, next to prove that black equals white and get killed on the next zebra crossing.

2 thoughts on “Oh well done Seumas, well done!”

  1. Instead of wringing their hands at the state-owned banks’ cash hoarding, ministers have the power to drive the recovery by instructing them to lend to infrastructure, transport and green technology projects.

    That isn’t “politically directed lending”…

    Priceless.

    Apparently firms are starved of credit. Yet, the CBI report from July says firms citing credit constraint is at the long-run average of 4%.

    http://www.cbi.org.uk/ndbs/press.nsf/0363c1f07c6ca12a8025671c00381cc7/c6771e000aa7462980257770003ef661?OpenDocument

    ‘ Concerns over access to credit have eased during this quarter. Just 4% of firms cite credit or finance constraints as likely to limit export orders, compared with 12% in the previous quarter. This is now in line with the long-run average. Furthermore, 5% of firms say credit or finance are factors likely to act as a brake on output, also in line with the historic mean. ‘

Leave a Reply

Your email address will not be published. Required fields are marked *