Annual change in lending to business in the United Kingdom 2013-2020
The ongoing economic effects caused by the Covid-19 pandemic have seen the Bank of England forced into quantitative easing measures. The injection of new money supply to kick start the economy has seen a huge increase in lending to businesses in March 2020.
The measure, which is taken after lowering the bank base interest rate to 0.1 percent on the 19th March 2020 has seen an annual change in loans to small and medium enterprises (SMEs) up approximately 24.2 percent as of October 2020.
The measure, which is taken after lowering the bank base interest rate to 0.1 percent on the 19th March 2020 has seen an annual change in loans to small and medium enterprises (SMEs) up approximately 24.2 percent as of October 2020.
