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Banks offering fewer loans

The Bank of England has announced that the number of loans being offered by banks have fallen, in spite of the Funding for Lending Scheme (FLS).

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Banks offer fewer loans despite Funding for Lending

The Bank of England has announced that the number of loans being offered by banks have fallen, in spite of the Funding for Lending Scheme (FLS).

Net lending by scheme participants was down £2.4bn in the final quarter of 2012. The scheme - a joint effort between the government and the banks to increase lending to both individuals and businesses - was launched last August.

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