More on England's intervention: The BoE and U.K. Exchequer look to "inject confidence" into the...

|By:, SA News Editor

More on England's intervention: The BoE and U.K. Exchequer look to "inject confidence" into the financial system with billions of pounds of cheap credit - provided that banks increase lending to households and smaller companies. The move's being sold as more of an aid to the "real economy," compared with QE bond-buying, where banks were criticized for sitting on the proceeds.