Survey reveals borrowing woes for UK firms

UK businesses will struggle to borrow in the coming months but households will find banks still willing to lend, according to the Bank of England's latest credit conditions survey, published on Wednesday.

The Bank said: "Lenders reported that they had reduced corporate credit availability over the past three months. They expected recent market developments to reduce significantly their capacity to extend corporate credit over the next three months." The Bank reported that demand by companies

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