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We need to push money down the leagues for everyone's benefit and not just do what's good for us as individual clubs.
On top of this exercise to push money into the economy, it has also launched a Funding for Lending Scheme (FLS), providing cheap credit to banks to encourage them to offer loans to customers.
He said: "This scheme would push money out into the real economy, driving big business and providing funds for banks to lend.
The government didn't want to just push money into the sector so it has encouraged private investors to come up with innovative projects.
They are good for the economy because the men push money into the market," says Rajeshwar Mahto, a businessman.
The goal is to ultimately push money market rates down, loosen up credit conditions, improve liquidity, and encourage banks to lend to businesses and consumers alike.
A symbolic cut may help support confidence but more direct action is required to push money into the economy - directly supporting money supply and lending growth.
He called for "more direct action" from the Bank of England to push money into the economy to support lending growth.