Tuesday, June 4, 2013

Banks 'still leave small firms in the cold' a year after Government launched emergency scheme to help rescue them

Small businesses are being ‘left out in the cold’ nearly a year after the Government launched an emergency cash lifeline to rescue them, official figures revealed yesterday.

On another dire day for Britain’s banks, the Bank of England warned net lending continues to drop sharply, down £300million between January and March.

Net lending is the total amount handed out by banks, building societies and other lenders, minus the total amount repaid by their customers.