Lending to British businesses fell by £4.3bn in December, the Bank of England said on Thursday, in a further sign of banks' persistent unwillingness to lend.
Net lending on an annual basis was down 8.1pc. which was the weakest since comparable records began more than a decade ago.
Separate figures from the Bank showed the slowest annual growth in the M4 or broad money supply since February 2000, with growth of 5.1pc. The growth in M4 lending was also at its lowest since December 1994.
No comments:
Post a Comment