Seeking small green shoots

A tough first half of the year could be leading to nascent recovery, though it is still tough on the UK's high streets, writes Emmanuel Kenning.

The Bank of England announced in September that lending to business fell £8.4bn in July. The news came at the end of a summer of conflicting financial data and added to the ongoing pressures on the UK's high streets.

The timeline of summer statistics started with figures from Halifax, which showed that housing prices across the UK increased by 1.1% on average in July; the seemingly good news was tempered by year-on-year figures shrinking 12.1%.

On 12 August, the Bank of England's quarterly

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