Lending to businesses remained weak in April, according to the Bank of England's Trends in Lending report. In particular, lending to firms in the wholesale and retail trades and the manufacturing sector fell sharply over the past year. The report also highlighted that approval rates for lending to small and medium-sized businesses are falling but added that some lenders are expecting availability of credit to improve over the next three months.
For more on this story go to:
http://www.bankofengland.co.uk/publications/other/monetary/TrendsApril09.pdf
www.ukba.co.uk
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