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The chancellor said: "We are now actively considering with the Bank of England whether there are potential extensions to the successful Funding for Lending scheme that will boost lending still further.
Funding for Lending is the scheme launched jointly by the Bank of England and the Treasury to boost lending to the real economy.
But he told the FT it would boost lending.
Other policy options could include moves to boost lending to SMEs, the economy's backbone.
The finance ministry wrote vast cheques to boost lending by state banks.
25 March: The Bank of England begins buying corporate bonds to boost lending to companies.
Osborne this week raised the idea of "credit easing" to try to boost lending to small businesses.
The hope is that they will use the extra funds to boost lending to households and businesses.
The government this week allowed five private banks to be set up in China's wealthiest regions in order to boost lending to small firms.
This is politically savvy: it should boost lending without emptying the Treasury's coffers (the government only pays out if the loans go bad).
In most cases, however, banks accepted government funds not to stave off collapse but to boost lending to the real economy.
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