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Lending to small firms falls £2.5bn
Lending conditions remain tight for small and medium-sized businesses despite easing credit conditions for larger businesses, according to the Bank of England's latest Trends in Lending report.
Net lending to businesses in the UK declined by £2.5bn in July and remained subdued in August.
Data also revealed that mortgage approvals dropped during the month amid weaker demand for home loans, although lenders have cut rates due to increased competition.
Post Date: October 22nd, 2010
Net lending to businesses in the UK declined by £2.5bn in July and remained subdued in August.
Data also revealed that mortgage approvals dropped during the month amid weaker demand for home loans, although lenders have cut rates due to increased competition.
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Post Date: October 22nd, 2010
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