The Big Question: Are Osborne and King right to pour money into banks?

Guy de Blonay, manager of the Jupiter Financial Opportunities fund   Attractive sector Last week the UK government and the Bank of England (BoE) announced radical plans to try and ease credit conditions in the UK economy and bolster lending. Separately the BoE said it was ready to restart quantitative easing. These announcements came in the face of significant uncertainty ahead of Greek elections at the weekend. These plans are broadly favourable for UK banks, which have been buffeted by EU uncertainty. Most fundamentally, three month Libor (the interbank lending rate) finally loo...