The latest from the Black Country 

BCC: Sharp Contraction in Business Lending is Cause for Concern

Commenting on the Bank of England's figures on lending to non-financial UK businesses, Dr Adam Marshall, Executive Director of Policy and External Affairs at the British Chambers of Commerce said:

"It is concerning to see lending to businesses contract so sharply, which is a marked acceleration of the overall trend we've seen over the past five years.

"While we welcome the moderate growth seen in small business lending this past month, we must ask whether we can achieve the levels of business investment that the UK economy needs without bank lending playing a stronger role. There are important questions about both the availability of bank finance, and companies' appetite for that finance, that still need to be answered."

News Categories

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our Privacy Policy.

I accept cookies from this site

EU Cookie Directive Plugin Information