Ian Currie, director of the corporate finance advisors Seneca Partners, has said that despite Weekend at Bernie's-style posturings to the contrary, the Funding for Lending scheme is dead in the water.
“Two years on from launch, the Funding for Lending Scheme resembles the Monty Python parrot,” said Mr Currie. “The high street banks insist it is alive and well, but in reality its vital signs are those of a dodo.” The financial advisor said that the reasons for the failure of the scheme is truly a…
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