UK Business lending falls
The bank of England’s trends in lending publication shows that lending to businesses fell by £4.8bn over the quarter, with lending down by £2.8bn in February alone, the squeeze effecting both small and medium-sized enterprises and large businesses.
A quote from April’s publication says "Looking forward, lenders in the Credit Conditions Survey expected credit availability for small and medium-sized firms to be little changed in the coming quarter, although availability for large companies was expected to increase further."
Please read April’s full lending survey here The Bank of England
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Commercial Director -Software Tribal Group
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