Public Accounts Committee brands debt advice a failure
April 28, 2010
A government Public Accounts Committee has branded the government’s debt advice service, launched six years ago, a “failure”.
The service was supposed to help people manage their debts, and was managed by the Department for Business, Innovation and Skills.
However, over the time the scheme has been running, little has been achieved in terms of original strategic [...]
Banks should provide more loans
March 28, 2010
Banks are being slated for not lending enough and to target, especially the part-nationalised RBS and Lloyds.
This was emphasised by the Chancellor’s budget report this week that RBS and Lloyds would specifically have to lend more in order to support consumers and business.
While interest rates with the Bank of England remain at historic lows, [...]