Tuesday, 17 February 2009
Government Loans Scheme For Small Businesses A Triumph!
A Treasury spokesweasel declared that the Enterprise Finance Guarantee was a great success.
So far all of £12 million has been lent by one bank through the scheme, which has been set up with a BILLION pounds. So just 0.012% of Gordon's much trumpeted help is actually working.
However, the spokesweasel went on to explain, "The EFG achieved it's aim almost immediately, as it got a very good press coverage. We are also delighted that the banks are being so slow to take it up and actually lend money to small businesses, so we don't have to actually pay much out when the small businesses go bust. It's a win-win!"
Posted by Hacked Off at 13:59