Friday, January 4, 2013

£80bn lifeline is STILL not helping our small firms as they are frozen out of attempt to kick start economy

Small firms are being frozen out of the £80billion attempt to kick-start lending, the Bank of England warned yesterday.

Despite being the backbone of the economy and a major employer, they are not benefiting from the scheme the Bank is running with the Government.

The first major analysis into the ‘Funding for Lending’ initiative does show, however, that it has ‘significantly’ increased funding for large firms and homeowners wanting a mortgage.