In search of lending
Emmanuel Kenning investigates if the bank bailouts have been good for brokers and their customers, as well as what 2010 might hold for financing businesses.
Data released by the Bank of England in October in its report Trends in Lending revealed that lending to businesses in the UK contracted by £4.6bn in September. Despite the injection of £200bn into the economy through quantitative easing, the decrease means a total negative net flow for the third quarter of £21.3bn.
"We have a number of clients that have been affected by the credit crunch in one way or another, for example where banks have refused them credit or called in existing loans,"
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