U.K. Prime Minister David Cameron on Monday pledged a massive program to help companies struggling to attain financing to spur growth. The premier said in a statement in London today that the chancellor Osborne will deliver the details in his Autumn Statement scheduled next week on November 29.

Cameron acknowledged the difficulties faced by companies as they try to raise money or borrow and said that the credit easing program proposed will use the strength of the government's balance sheet to pump billions of pounds into reducing the cost of loans for small and medium sized businesses.

It is still not clear how much changes to the budget or taxes will Osborne present yet according to the comments from Cameron we can expect the program that was suggested in October by Osborne to be detailed in which the Treasury will sell bills to use the proceeds to invest in corporate bonds or securitized loans to facilitate lending.