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Government has 'alternatives to quantitative easing' PDF Print E-mail
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Latest Recruitment News - Office Recruitment News
Written by DirectNews Feed   
Wednesday, 17 November 2010 00:00
Government has 'alternatives to quantitative easing'The government should be looking to encourage banks in the UK to begin lending money to small and medium-sized enterprises (SMEs) following the recession, an expert has said.

According to Justin Cooke, chairman of the British Interactive Media Association and chief executive officer of Fortune Cookie, there are alternative measures the Conservative-Liberal Democrat alliance could take to boost the nation's economy after the downturn instead of another round of quantitative easing (QE).

Mr Cooke remarked it is vital for the coalition to enhance the environment for SMEs while also considering ways in which it can "promote international trade and international investment in the UK".

He added: "Businesses are undoubtedly starting to regain confidence in the economy."

The specialist was speaking after the publication of BDO's latest Optimism Index earlier this week (November 15th 2010), which revealed that firms are feeling more positive about their prospects for growth in the coming months.

Posted by Daniel Frost
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