The Chancellor and the Governor of The Bank of England delivered two new initiatives at the Mansion House dinner last week. They are both aimed at easing the availability of credit. There has since been conflicting views as to whether this will work or not and how long will it be before the economy actually sees any of the increased money supply. Whatever it is a step in the right direction.
I then read with interest in this week's edition of Property Week that the Financial Services Authority is thinking of revising its timetable for introducing "Slotting” and is now in further discussions with the Banks. Again this is very welcome and should have a positive effect on the availability of credit.
However please do not hold your breath.