FLS pays out 61b

Posted on 05 Oct 2016
Share Blog Post

 FLS pays out £61bn

New figures show that banks have tapped the Bank of England for £60.6bn of cheap funding over the last four years. The BoE said that banks used the Funding for Lending Scheme (FLS) to draw another £2.87bn in the three months to June, with Lloyds Banking Group and Santander accounting for £1bn each. The Bank updated the scheme this month in an attempt to skew the benefits to banks lending to small businesses.

Source:   The Times (02/09)

View more blog posts

HMRC to close phone lines
Posted on 25 Mar 2024
HMRC to close phone lines
read more
More people in higher rate tax
Posted on 18 Mar 2024
More people in higher rate tax
read more
Tax cuts illusory
Posted on 13 Mar 2024
Tax cuts illusory
read more
MTD extended
Posted on 01 Mar 2024
MTD extended
read more
Back To Top
01604 660661