Treasury set to scrap flagship credit scheme

Ben Southwood
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THE TREASURY has come under fire for appearing to abandon what it had said was its flagship programme for boosting lending, as it rolls out a newer scheme today.

The National Loan Guarantee Scheme, known as “credit easing”, was launched just six months ago to provide credit to small businesses. But with Funding for Lending being rolled out today it has been suggested that few will continue to borrow under credit easing, since its provisions are less generous.