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The Liberal Democrats have been clear for some time about the need for a different kind of regulation and a different kind of financial organisation that splits off investment banks. Investment banks should no longer be regarded as too important to save.
Financial transactions may assist where there have been help-to-buy schemes and, potentially, I am proposing to use some of the money to capitalise the Scottish national investment bank and the building Scotland fund. There may be other ways in which we can support housing growth by using financial transactions.
The way in which it is implemented is the problem, rather than the fact that the money comes from a bank as opposed to from Government. The money is simply a resource that pays for the goods.
Quite honestly, at this point in time the banks are not playing. The Government needs to find a way to help with finance or put a guarantee behind investment to give the banks a little bit more comfort.
She described the application form as difficult, however, and she gave up a week of her holidays to go so that the school did not have the problem of back-filling her post.The visit was very helpful.