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Project Merlin: Banks fall short in lending to SMEs

Five major UK banks have failed to meet their 2011 lending targets to small and medium sized enterprises (SMEs) as laid out in Project Merlin.

Bank of England injects a further £50 billion into UK economy

The Bank of England has decided to extend its quantitative easing (QE) programme by a further £50 billion.

Policy maker accuses banks of failing businesses

Dr Adam Posen, a member of the Bank of England's Monetary Policy Committee, has lashed out at banks for not lending enough to small and medium-size enterprises, calling them 'reluctant risk adverse jerks'.

Banks continue to fail small businesses

Banks are continuing to fail small businesses, despite the launch of the Business Finance Taskforce last year.

Demand for borrowing still subdued, say banks

Businesses and individuals are continuing to adopt a cautious approach to borrowing, the British Bankers’ Association (BBA) has said.

Fund boss urges new ways to finance firms

The chief executive of the Business Growth Fund has lent his support to encouraging alternatives to bank funding for businesses.

Business Growth Fund may help more firms

There is the possibility that the Government’s Business Growth Fund, aimed at supporting fast-growing companies that would otherwise struggle to find funding, may be extended to more firms than were included in the original remit.

Savers still battling effects of inflation

The rising cost of living means that most savers are finding it a struggle to outpace the effects of inflation.

Banks set to meet lending targets

The UK’s major banks look likely to meet their small business lending targets as agreed with the Government.

Add competition to the banking sector to boost lending

Setting banks business lending targets is not the way free up credit for firms, a business group has claimed.