Cameron pledges credit easing

BRITISH Prime Minister David Cameron pledged a massive programme of credit easing to help spur the economy as his government drives through its plan to narrow the budget deficit.

Chancellor of the Exchequer George Osborne will use his statement to the House of Commons on November 29 to set out details of the programme to aid companies finding it hard to obtain bank finance, Mr Cameron said.

“I know that it can still be a nightmare for companies wanting to borrow money,” he told the Confederation of British Industry annual conference yesterday.