- Total business lending (loans and overdrafts) fell by £3.8bn in August 2013, the largest fall since December 2012
- SME lending fell by £0.7bn in August 2013
As the Conservative Party Conference gets underway in Manchester, the British Chambers of Commerce (BCC) is today (Monday) issuing a clear message to the Prime Minister and his colleagues to ‘get moving’ on the delivery of pro-growth policies that will benefit the nation as a whole.
Commenting on the Chancellor’s Budget speech, John Longworth, Director General of the British Chambers of Commerce (BCC), said:
Commenting on the speech on banking delivered by Business Secretary Vince Cable, Dr Adam Marshall, Director of Policy and External Affairs at the British Chambers of Commerce, said:
Bedfordshire Chamber of Commerce has expressed concern at opposition to plans to develop London Luton Airport by local interest groups in Hertfordshire saying they ignore the importance of the airport to the local and sub-regional economy.
- Business lending fell by £2.1bn in December 2012
- Net lending to business contracted by £18.7bn for the year 2012
Reacting to the Chancellor’s Autumn Statement, John Longworth, Director General of the British Chambers of Commerce (BCC), said:
The British Chambers of Commerce (BCC) has published a paper setting out the detailed case for the establishment of a state-backed British Business Bank.