Treasury Minister: Bank lending scheme a 'welcome boost'

Treasury Minister Mark Hoban told ITV News that the £80 billion Funding for Lending Scheme will be a "welcome boost" to the economy, with the plan of "encouraging" small businesses and first-time buyers to invest in loans and mortgages.

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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.