Exploring the options.

Banks agree on lending

Published:  09 August, 2010

LONDON: Six major banks have formed a taskforce designed to get lending to businesses moving again, the British Bankers' Association said today.

In a letter to Chancellor George Osborne, BBA chairman Stephen Green outlined a series of proposals aimed at stimulating private-sector recovery.

He said the chief executives of the country's top banks will guide a series of work streams that will assess the lack of lending to businesses and propose solutions.

"The objective of the taskforce is to explore the problems currently affecting securitisation markets…and to explore other issues that will influence the ability of UK businesses to obtain the finance they need to support private sector growth," Mr Green wrote.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

We work closely with the National and Large Independent Builders Merchants as well as Manufacturers & Distributors. We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.