Correspondence

Exchange of letters on the Funding for Lending Scheme, April 2013

Letters exchanged between the Chancellor and the Governor of the Bank of England regarding the extension of the Funding for Lending Scheme

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Letter from the Governor of the Bank of England to the Chancellor of the Exchequer

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Letter from the Chancellor of the Exchequer to the Governor of the Bank of England

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Details

On 24 April 2013, the Government published letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England that confirm that the extension to the Funding for Lending Scheme is within the remit of the Bank and that the Chancellor approves of the extension to the Scheme. The Treasury and the Bank will work closely together on the Scheme, through a joint Bank-HM Treasury Oversight Board.

View the Funding for Lending infographic to find out how the scheme works

Published 24 April 2013