News Article

Bank Lending

CBI responds to latest Bank of England credit conditions data

By CreditMan Tuesday, June 24, 2014

The CBI responded to the latest Bank of England Credit Conditions Survey.

Matthew Fell, CBI Director for Competitive Markets, said:

“Business confidence in the recovery continues to grow and it is positive to see demand for credit increase for firms of all sizes.

“Although banks are making real efforts to support many of our ambitious companies, more must be done to help smaller businesses.

“If we are to re-balance the UK’s finance landscape we must unlock more direct investment from pension funds and insurers, ensuring growing firms are aware of the alternative finance options out there.

“We also need a tax system that better supports our medium-sized businesses to create jobs and growth.”