Before implementing another round of quantitative easing there are other measures that the Bank of England and the British government could consider, it has been claimed. According to the British Interactive Media Association ministers should be doing all they can to encourage greater lending to the small and medium-sized enterprise (SME) sector.
BIMA commented that quantitative easing is simply a short-term fix which ultimately dilutes the value of sterling, and genuine economic growth is the best way forwards. "The government needs to look at new ways that will promote international trade and international investment in the UK," it stated. It was commenting after the latest BDO Optimism Index, which shows how UK companies expect to trade in two quarters' time, revealed that businesses may be beginning to feel more optimistic about the UK's economic outlook.
"Businesses are undoubtedly starting to regain some confidence in the economy," said Gareth Osborne of APA. "British businesses, especially smaller ones, are tenacious and rather than battening down the hatches, they have been bullish and looked for new ways of working to succeed. It appears to be working. They now need new, creative funding regimes to deliver growth and employment."
BIMA commented that quantitative easing is simply a short-term fix which ultimately dilutes the value of sterling, and genuine economic growth is the best way forwards. "The government needs to look at new ways that will promote international trade and international investment in the UK," it stated. It was commenting after the latest BDO Optimism Index, which shows how UK companies expect to trade in two quarters' time, revealed that businesses may be beginning to feel more optimistic about the UK's economic outlook.
"Businesses are undoubtedly starting to regain some confidence in the economy," said Gareth Osborne of APA. "British businesses, especially smaller ones, are tenacious and rather than battening down the hatches, they have been bullish and looked for new ways of working to succeed. It appears to be working. They now need new, creative funding regimes to deliver growth and employment."
APA
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