The Government made two important announcements recently to further enhance financial stability and support increased lending to homeowners and businesses.
Firstly, the Treasury is announcing the details of the Asset Protection Scheme, which aims to remove continuing uncertainty about the value of banks’ past investments, cleaning up banks’ balance sheets and providing them with greater confidence to rebuild and restructure their operations and increase lending in the economy.
Secondly, the Treasury is announcing an agreement in principle with the Royal Bank of Scotland (RBS) to participate in the Scheme and other financial support to meet its objectives of economic and financial stability.
To read the full HM Treasury announcement, please click here.
