Oakshott brands bank lending figures as 'disastrous'

Liberal Democrat peer Lord Oakshott has described Bank of England figures that show the number of loans being offered by banks have fallen, in spite of the Funding for Lending Scheme (FLS), as "disastrous".

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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).