Introduce a lending rate subsidy
We, the undersigned, petition the Prime Minister to Introduce a lending rate subsidy
In the present climate of low base rates which although good for borrowers there is little incentive for banks to lend as the return is small. The introduction of a lending interest rate subsidy to restore the interest rate to about 5% for responsible lending would give the needed incentive to the banks to start lending again. This hopefully would restart the economy and base rates to normal and the subsidy could be phased out.
This petition closed on Sunday 19 April 2009 without having attracted any support at all. The creator was left in a minority of one. Here’s your chance to comment on this petition.