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CBI responds to latest Bank of England Credit Conditions data
The CBI responded to the latest Bank of England Credit Conditions Survey for the first quarter of 2014.
Matthew Fell, CBI Director for Competitive Markets, said:
"Confidence is beginning to translate into increased demand for growth finance across firms of all sizes. It’s particularly encouraging to see another uptick in long-term capital investment activity, which will help contribute to a sustainable recovery.
"But the improving conditions for larger businesses now need to filter through more widely. Banks have a crucial role to play in the economic recovery and must step up to the plate and support lending to smaller firms too.
"This data also highlights a measured rise in demand for consumer credit as households begin to look forward to a recovery in real incomes later this year."
