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Revision as of 07:39, 7 February 2012 by Pirozzil (Talk | contribs) (Created page with "Project Merlin The Item Club said that overall bank lending rose by 4.3% last year. After contracting this year it expects lending will rise by just 0.9% in 2013. The contracti...")
Project Merlin
The Item Club said that overall bank lending rose by 4.3% last year. After contracting this year it expects lending will rise by just 0.9% in 2013.
The contraction in corporate lending is expected to hit the the construction and real estate sectors and smaller companies in particular.
"Funding for small and medium-sized enterprises is likely to be particularly difficult to obtain as banks seek to reduce credit risk," said Neil Blake, senior economic adviser at the Item Club
