It is entirely right for ministers to care about business. But if the government is really concerned about smaller companies being squeezed, there are things it can do to help. If all else failed, it could simply subsidise them directly. But delaying bank reform will neither give businesses more credit, nor create the growth to help them prosper again.
Thursday, September 01, 2011
The FT tells the Coalition to get on with its banking reforms
From an editorial in tomorrow's Financial Times:
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Until to what extent banks will be restricted or regulated has been decided it is uncertain whether they are a viable investment. They cannot have the necessary stability to move forward and increase lending, so of course are a central factor in the current horrendous state of the economy. The reforms need completing with wisdom, vision and care, but most importantly speed.
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