CBI responds to latest Bank of England Credit Conditions data

4 Apr 2014 02:45 PM

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."