HIGH street banks cut lending to non-financial companies by another £1 billion last month despite the Bank of England-backed Funding for Lending Scheme.
HIGH street banks cut lending to non-financial companies by another £1 billion last month despite the Bank of England-backed Funding for Lending Scheme.
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MARK WILLIAMSON
The British Bankers Association said companies continued to repay much more than they borrowed in September, suggesting conditions remain tricky in credit markets.
The figures cover the second month of the Funding for Lending Scheme. Ministers hope this will encourage lenders to make much more money available to firms by giving banks access to cheap official funding.
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