![]() ![]() ![]() However, concerns have been raised as to the make-up of those figures with Barclays, Lloyds, HSBC and Santander accused of including undrawn overdraft facilities in their Merlin data. This accounts for more than half of the annual target of £190bn and includes £76bn for the important small business sector. Royal Bank of Scotland, Barclays, Lloyds, HSBC and Santander say that they have lent slightly more than £100bn to UK businesses in the first six months of 2011. The Bank of England will be releasing its figures this Friday. It followed the early release of data from the five largest UK banks which suggested that they are on course to meet the lending targets to businesses set by the coalition government under the Project Merlin agreement. The topic of business lending was again on the lips of the country’s bankers last week. ![]()
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