The special liquidity scheme is state aid
Perhaps it is just wishful thinking, but the Bank of England s 50 billion special liquidity scheme might run into trouble with the European Union. The EU has tough rules on state aid, which forbids governments from using taxpayer s resources to prop up ailing domestic industries. As Anthony Woolich, head of competition for LG, the business law firm in London said: It seems to me that this is prima facie state aid because this scheme gives banks operating in the UK an advantage over other
Money worries may hinder rebate spending - MSNBC
Over the past year and a half, Shane Gledhill has seen the value of his home drop as his family s gas budget and grocery tabs have risen. Meanwhile, the construction industry he works in has slowed. So when the government announced a plan to offer …