UK lending plan faces risk of low take-up

Published June 15, 2012 10:03am ET



LONDON (AP) — Emergency measures by the U.K. government and Bank of England to help banks and boost lending to businesses and families by offering up to 140 billion pounds ($217 billion) in cheap loans to lenders might have already run into difficulty, according to analysts — there might not be anyone willing to take on the risk of extra credit.

Treasury chief George Osborne and Bank of England Governor Mervyn King announced the initiatives late Thursday night at a dinner for financiers in the City of London.

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