Funding for Lending (FLS), the Bank of England and Treasury scheme to boost bank lending to households and companies, opened for business at the beginning of August 2012. Stewart Hindley & Partners look at the impact so far.
Continue reading “Stewart Hindley & Partners reports on the impact of FLS”
Barclays brokers (September 2012 Bulletin) reported a boost in UK economy recovery hopes, with signs that it is finally approaching ‘escape velocity’.
Continue reading “Recovery hopes boosted according to Barclays Brokers”
An article in the Sunday Times on the 18th August 2013 reported that Britain’s most senior bank regulator, Andrew Bailey, highlighted why it might be difficult to encourage lending: “Banks have moved from a lending model concentrated on property to one ‘ based on “evidence of a business plan that indicates returns to the firm that will repay borrowing”.
According to an article in The Sunday Times on 18th August 2013, many companies are still nervous about overstretching on loans. Lending by British banks fell by £300M in the first three months of 2013, despite attempts by the Government and the Bank of England to encourage lenders to make more loans.
Beer Tie-in agreements challenged by pub tenant
According to an article in The Sunday Times on the 18th August The Black Lion in Kilburn, North-West London, was planning to take the extreme step of ripping ‘out all of its beer taps and pulling its last pint in protest over prices charged by owner Enterprise Inns.
