SME Lending

Lending by the major UK Banks to business fell again in July on a net basis. The British Bankers Association said that the fall in July of £941m was not as steep as previous months. A report by The Federation for Small Businesses suggests that its members were now in a position to take advantage of the economic recovery but with firms looking to invest and recruit to achieve this Walker Thompson still finds the figure disappointing and reflects the ongoing trust issue with the banks.