BoE statistics indicate slight improvements in UK lending

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Statistics published by the Bank of England today (June 30) showed lending to businesses declined slightly over the three months to June but at a slower rate than in previous months, while lending to individuals increased slightly.

The statistics indicated that the three-month annualised rate of lending to businesses in June was –0.9%, compared with –2.9% in the previous month. Secured lending to individuals increased by 0.3%, while consumer credit increased by 3.6%.

The figures for M4, a

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