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In July, it unveiled its novel "funding for lending" scheme.
The Bank of England's "funding for lending" scheme, launched on August 1st, should help.
MPs heard the so-called funding for lending scheme will be launched in "a very few weeks".
They wanted to assess the impact of the £80bn funding for lending scheme over the coming months.
But the funding for lending scheme has come under attack from opposition MPs for bypassing small and medium-sized businesses.
The "funding for lending" scheme, launched by the Treasury and the Bank of England in July, offers cheap funding for banks that sustain or increase lending.
Its "Funding for Lending" scheme (FLS) provides banks with cheap funding on condition that they increase their net lending.
This is why the Funding for Lending scheme was created.
The Funding for Lending scheme, for example, has made mortgage rates cheaper.
"The Funding for Lending scheme has had a devastating effect on rates.
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The government's funding-for-lending scheme has been much more effective at boosting mortgage lending than it has in channelling funds to small businesses.
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