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Belluf
From BBSWiki
UK bank lending is set to shrink this year for the first time since 2009, according to the Ernst & Young Item Club economic forecasting group.
Total lending is expected to fall by 2.2% with corporate loans down 5.7%, hitting small and medium-sized firms and affecting UK growth prospects.
Loans to consumers are set to fall by 5.4%, the Item Club predicts.
