'Not much confidence in bank lending scheme'

Shadow Treasury Minister Chris Leslie told ITV News that the Bank of England's new Funding for Lending Scheme did not give much "confidence" in the economy, after the Chancellor set up the £80 billion initiative to kick-start lending.

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£80bn bank lending scheme

The Bank of England and Treasury's £80 billion Funding for Lending scheme (FLS) was fired into action today in the latest attempt to boost the struggling economy.