Negative base rate

According to reports such as - http://www.telegraph.co.uk/finance/economics/9895068/Bank-of-England-mulls-negative-interest-rates.html   the Bank of England is considering a negative base rate to force High Street Banks to lend money to businesses.

Could this work and really help businesses to grow ? Is it the solution to the recession, or just a daft idea.

 

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Tracked mortgage

The VAT Doctor |
The VAT Doctor's picture

With UK Base Rate at  0.50%

Cube |
Cube's picture

Length of recession/depression ...

JC |

Higher interest rates

Cube |
Cube's picture