Funding for Lending Scheme on the up

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Lending by banks and building societies participating in the Funding for Lending Scheme (FLS) has improved, according to the latest Bank of England figures.

The bank said net lending grew by £1.6bn in the second quarter of the year; however participating banks had actually cut lending by £2.3bn since June 2012.

Paul Fisher, executive director for markets at the Bank of England, said...

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