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The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for government bonds.
While exact details are still a few weeks away it is understood the plans will stimulate inter-bank lending by allowing banks to use government bonds as security.
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The scheme has been met with criticism however, with concerns that taxpayers will shoulder the risks and losses of irresponsible banking practices.
Published: 18-04-08
