The overall aim of these measures is to support stability in the financial system; to protect ordinary savers, depositors, businesses and borrowers; and to safeguard the interests of the taxpayer.
Today the East of England Minister, Barbara Follett welcomed these measures:
"This is good news for people in the East of England. Helping affected banks means that homeowners in the Region will be able to get competitive mortgages again. This will also to people struggling to meet their mortgages.
"Small businesses in the East of England will also benefit, as they will now be able to access loans that are at the same levels as 2007. It is vital that we continue to do all we can to support savers, homeowners and small businesses during these unstable and uncertain times."
