Too little, Too late!

Given the position our economy is now in, it is not with any glee that Conservatives will welcome the business loans guarantee scheme the government are set to announce tomorrow. After all we have been calling on Labour to introduce such a scheme for months!

The real pity is that Labour are apparently to announce the value of this scheme will be less than £20billion over its lifetime. In contrast, George Osborne is calling for a £50billion scheme because we can't afford for this scheme to fail because government are not prepared to do what it takes to get credit flowing to businesses once again.

The truth is that no one really knows what it will take to get credit flowing to the business sector, but surely it is sensible to offer too much than too little if you are in government and really want to make sure you get the job done!