Linky
Libor is not shooting up so it must be PPI payouts and stuff still making the banks cautious.
The number of loans being offered by banks has continued to fall in spite of the Funding for Lending Scheme (FLS).
The scheme, which began in August last year, was designed to encourage banks to lend more money, both to individuals and businesses, and boost the economy.
But the Bank of England has announced that net lending fell by £2.4bn in the final quarter of last year compared with the previous three months.
However, UK banks have taken up nearly £14bn since the scheme started.
The scheme, which began in August last year, was designed to encourage banks to lend more money, both to individuals and businesses, and boost the economy.
But the Bank of England has announced that net lending fell by £2.4bn in the final quarter of last year compared with the previous three months.
However, UK banks have taken up nearly £14bn since the scheme started.
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