Treasury set to offer new guarantees to get banks lending again (Independent)
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A Government guarantee for bonds backed by mortgages and other types of loan is set to be announced by Alistair Darling, the Chancellor. Mr Darling will move to offer Government insurance on behalf of banks wanting to securitise new mortgages, after being told by sector executives that this is the best way to enable them to increase lending to mortgage borrowers. The scheme could be extended to …
