CBI responds to latest Bank of England credit conditions data
24 Jun 2014 02:38 PM
The
CBI responded to the latest Bank of England Credit Conditions
Survey.
Matthew Fell, CBI Director for Competitive Markets,
said:
“Business confidence in the recovery continues to
grow and it is positive to see demand for credit increase for firms of all
sizes.
“Although banks are making real efforts to support
many of our ambitious companies, more must be done to help smaller
businesses.
“If we are to re-balance the UK’s finance
landscape we must unlock more direct investment from pension funds and
insurers, ensuring growing firms are aware of the alternative finance options
out there.
“We also need a tax system that better supports
our medium-sized businesses to create jobs and growth.”
Note to Editors:
The
CBI has published a new report on how the UK tax system could be reformed to better
support the growth of medium-sized businesses.