Originally Posted by
SWBKCB
This approach has always baffled me - if the loan is on commercial terms, why borrow from WG, why not use a bank like the commercial business it purports to be? It's not like WG doesn't have other uses for the money
There's the rub, isn't it? If it was a commercial business, why would they be bothered? If it is an instrument of WG's industrial policy, say so.
Because they are government owned any commercial bank loan effects the WG block grant i believe.