State-owned British Business Bank makes £...

Scooped by Graham Watson
onto Macroeconomics: UK economy, IB Economics

September 25, 2023 2:19 AM

Scoop.it!

From www.bbc.co.uk - September 24, 2023 11:28 PM

Graham Watson's insight:

This is an interesting story - not so much for the fact that the British Business Bank has made a £147m loss, but because it raises questions about whether there's a role for the state to play in financial markets.

Why does the British Business Bank have to support businesses, when there are already well-developed financial markets? And some of the firms it has invested are are interesting to say the least.

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