UK authorities extend Funding for Lending Scheme again
Bank funding scheme will now be tapered over two years
Banks will have a further two years to use their allowances under the Bank of England's (BoE) Funding for Lending Scheme (FLS), as the BoE and UK treasury today (November 30) unveiled a third extension to the scheme.
The latest extension continues to taper the scheme, which the BoE said was a reflection of the improved credit conditions since its launch in 2012.
The scheme currently offers participating banks access to £5 of BoE funds for every net £1 they increase lending to small and medium
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