The same HM Treasury has been proposing excessive austerity which has brought unnecessary financial and social hardship to millions of middle and working class people.
The latest initiative compensates for the banks that are still not prepared to lend on commercial terms. It is likely to be inflationary, creating a massive feel-good factor ahead of the next election.
Why don’t HM Treasury offer massive incentives to stimulate investment and exports? Also what about an enormous increase in foreign languages capability?