Pantheon Macroeconomics - Economists failed to foresee the U.K.'s growth spurt in 2013 partly because they underestimated the positive impact of the Funding for Lending Scheme, launched in mid-2012. In fact, the FLS was so successful at stimulating mortgage lending that it had to be "refocussed" to apply solely to business lending in January 2014.

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8 August. 2016 The Term Funding Scheme is Not a Game-Changer

By Samuel Tombs

Economists failed to foresee the U.K.'s growth spurt in 2013 partly because they underestimated the positive impact of the Funding for Lending Scheme, launched in mid-2012. In fact, the FLS was so successful at stimulating mortgage lending that it had to be "refocussed" to apply solely to business lending in January 2014.

Posted: 8th Aug 2016 in 'U.K. Documents'

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Keywords for: U.K. Documents | 8 August. 2016 The Term Funding Scheme is Not a Game-Changer

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