- 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
Commenting on the MPC decision, announced today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
Commenting on today’s Monetary Policy Committee (MPC) interest rate decision, the first under the new Governor Mark Carney, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:
In an open letter to Mark Carney, who takes over as Bank of England Governor today. BCC Director General, John Longworth, urges him to do more to ensure a stable business environment, which will help to secure the UK’s future competitiveness.