The UK government's efforts to kick-start the economy are starting to have some effect, with UK lenders expecting to have more credit available for households and businesses in the second quarter of this year, a new survey has shown.
The UK government's efforts to kick-start the economy are starting to have some effect, with UK lenders expecting to have more credit available for households and businesses in the second quarter of this year, a new survey has shown.
According to the BoE's credit conditions survey, lenders expect to increase the availability of loans in the second quarter of 2009, both to households and firns.
'The economic outlook was not longer expected to be a factor bearing down on credit availability,' the survey said. 'Improvements in the cost and availability of funds were expected to support increased credit availability over the next three months.'
