Lending scheme hits price comparison group

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The Independent Online

Moneysupermarket's revenue growth has slowed as the Government's Funding for Lending scheme has pushed down rates on savings products and "significantly impacted" demand. But the price-comparison group said the rest of the business is performing strongly across insurance and travel.

Pre-tax profits rose to £31.5m against £24.3m a year earlier, with sales up 15 per cent on an underlying basis to £204.8m. Revenues slowed in the first two months of this year, rising only 11 per cent.