Current Account ‐ Finance for Industry

During the past year or two the City has had to face criticism that the private financial sector has failed in its proclaimed purpose of providing industry with the funds it needs for expansion and investment in new plant and equipment. To the extent that business can only flourish in a secure and confident economic environment—and it is the Government that it looks to for creating that environment—it may feel that it is being blamed for the sins and omissions of others.