FLS 'is still struggling to help businesses'
Thursday 04 April 2013
Banks are unlikely to turn on the credit taps to businesses over the next three months, the Bank of England's latest snapshot of lending conditions said yesterday.
In findings that pose further questions over the impact of the Funding for Lending scheme (FLS), the Bank's latest credit conditions survey said overall credit availability to corporates "would be little changed" in the second quarter of 2013. Banks said demand for loans had slumped in the first three months of 2013 amid wobbling confidence over the economic outlook, although they expect appetite for credit to pick up in the coming quarter.
Large firms are gaining more benefit from cheaper loans than smaller businesses. The FLS has cut mortgage costs, but struggled to make an impact on business loans.
A cautionary tale for ambitious would-be authors
X Factor judge will appear in court later this month
Sir Ian McKellen hits back at Damian Lewis' 'fruity' claims
Ja Rule forced to deny leaving wife for prison cell mate
Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
Teenage girl convicted of robbery after taking pre-crime selfie wielding knife
'I'm experiencing austerity as well', says Princess Michael of Kent
- 1 Dear Sir Jimmy Savile: A comedian's words of valediction to the nation's trusted uncle
- 2 Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
- 3 Teenage girl convicted of robbery after taking pre-crime selfie wielding knife
- 4 Newly vegan Beyoncé wears fox fur to dine in meat free restaurant
- 5 'I'm experiencing austerity as well', says Princess Michael of Kent
- < Previous
- Next >
iJobs Money & Business
£44000 - £55000 per annum + Excellent Benefits: Pro-Recruitment Group: Confide...
£25000 - £35000 per annum + Benefits : Harrington Starr: PHP Symfony2 Framewor...
£40000 - £55000 per annum + Bonus and Benefits: Harrington Starr: A leading pr...
£50000 - £60000 per annum + Bonus + Benefits: Harrington Starr: Market Data An...