• They reveal discussions about how the credit guarantee scheme - a government scheme created in 2008 to help get credit to small and medium-sized businesses - would "allow Libor to fall quicker" than it otherwise would.

    BBC: Banking probe row turns political

  • Vadera says she cannot recall speaking to anyone at the Bank about the rate but she did talk with bankers about a policy change (altering the price of the government's Credit Guarantee Scheme as I wrote yesterday) to get the LIBOR rate down overall.

    BBC: Barclays Banks - A Whitehall whodunit

  • The government's export credit agency, the Export Credits Guarantee Department (ECGD), will launch an Export Working Capital Scheme, a Bond Support Scheme, and will support banks offering foreign exchange hedging contracts to SMEs by sharing credit risk.

    BBC: Cable gives details to MPs of plan to boost UK exports

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