Banks

Government says business lending scheme is working

The government’s Enterprise Finance Guarantee scheme has processed more than 1,300 eligible loans worth almost £145 million, Peter Mandelson the Business Secretary has said.

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Businesses unaware of government loan scheme

Nine out of ten businesses do not realise that their banks offer access to the government’s Enterprise Finance Guarantee scheme, a new survey has revealed.

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Default cap could be hampering government lending scheme

The imposition of a cap on the number of defaults could be affecting the success and availability of a government loan guarantee scheme set up to help small businesses.

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Savers taking money out of accounts

Almost £2.3 billion were withdrawn from savings accounts in January, new figures have shown.

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Bank urged to act 'rapidly' on money supply

The Bank of England needs to act “rapidly” and “forcefully” if the recession is not to deepen.

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Banks say small firm lending rose last year

UK high street banks increased their term lending to small businesses by 9 per cent in 2008, according to figures from the British Bankers’ Association (BBA).

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Business groups call for government intervention on credit

Conditions will worsen for UK businesses over the next three months as a result of the squeeze on credit unless the government takes further action, the CBI has warned.

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More lending not just cheaper borrowing, business urges

The Bank of England’s decision to lower interest rates to a new historic low of 1 per cent has been met with a mixed reaction from the business community.

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Bonus rate accounts used to entice savers

Banks and building societies are boosting the bonuses they offer people opening new savings accounts in an effort to recruit extra customers.

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