UK Business Loans Reach 28-Year Low

Bank lending to UK businesses has fallen to its lowest point in 28 years, according to a Financial Times report. This significant decline is attributed to a combination of sluggish economic growth and increasingly stringent regulatory requirements imposed on financial institutions. Consequently, accessing credit has become considerably more challenging, particularly for small and medium-sized enterprises that rely heavily on external financing to operate and expand. The situation highlights a potential bottleneck for business investment and economic recovery within the United Kingdom.