Banks

Give local banks freedom to lend, says business group

Too many firms are being denied credit even though they have full order books, and local banks should be given greater discretion when it comes to lending decisions, the Forum of Private Business (FPB) has argued.

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Banking sector needs more competition

The Federation of Small Businesses (FSB) has urged the government to take action to introduce more competition into the banking system.

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Small firms still feeling the squeeze on credit

Business lending shrank for the fifth month running, a new report from the Bank of England has revealed.

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Small firms still struggling to secure lending

Small businesses are continuing to find it difficult to borrow money.

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Savings accounts face 'obsolescence'

The twin pressures of stubbornly high inflation and low interest rates could render savings accounts obsolete, it has been warned.

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VAT rise likely to fuel inflation

The decision to raise the standard rate of VAT from 17.5 per cent to 20 per cent next year will be a significant driver behind a stubborn rate of inflation, the Bank of England has said.

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Savers not being told about interest rate changes

Many banks and building societies are failing to keep savers properly informed about changes to the interest rates on their accounts, comsumer group Which? has claimed.

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Banks to investigate small business lending

It has been proposed that UK banks will carry out a study of the levels of lending to smaller firms in an effort to improve business credit.

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New guidelines to speed up ISA transfers

Savers with cash ISAs should see an improvement in the length of time it takes to switch accounts from one provider to another.

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