Banks in the UK Urged To Improve Their Lending to Small Business

According to a recent article on FT.com, banks in the United Kingdom are urged to improve their lending to the nation’s small businesses.

This comes on the background of a study recently conducted by the UK’s treasury which concludes that British banks need to do more to win back the trust of businesses.

In addition to the call for improved lending, the UK’s government is also considering new laws that would force British banks to refer small business owners to alternative lenders in such cases where a loan is denied.