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Then, after months of euphoria, at the end of May, bond-market jitters about the radical easing plans helped to spark a sell-off in shares.
Investors were also trying to work out what this meant for the much anticipated quantitative easing plans expected to be unveiled by the European Central Bank next week.
Overall though, markets were on the slide following weaker than expected Chinese factory data, which raised fears of a slowdown in the country's economy, and confusion over the US Federal Reserve's quantitative easing plans.
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Vicky Redwood, chief UK economist at Capital Economics, also highlighted the credit easing plan.
Ukip Has policies for increasing house building by freeing up government or council-owned land and easing planning regulation on converting offices to residential use.
The credit easing plan, due to be fleshed out in the budget in November, stops short of a state investment bank but is an implicit admission that commercial banks are unwilling or incapable of supplying credit to British business.
Details of the credit easing plan suggest a Treasury-underwritten multibillion pound line of credit to small firms – an admission that Britain's battered banks, assaulted by the euro crisis, are simply not in a position to deliver.
Under the novel "credit easing" plan, the Treasury will buy company bonds in an attempt to cut the cost of credit for struggling firms and boost the supply of credit.
There is certainly some news that will help: lowering corporation tax and easing planning restrictions will make it easier for large corporations to invest some of the cash they have been hoarding.
Toby Perkins, the shadow minister for small business, cast doubt on the government's credit easing plan, which is intended to reduce lending rates to business by 0.5 of a percentage point.
He said it would be better to borrow because interest rates are so low than go for the "people's quantitative easing" plan advocated by Corbyn in his last leadership election.
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