Lending scheme hits price comparison group

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.