Small business lending dow

 Net lending to SMEs falls by £800m

Net lending to SME businesses fell by £800m during the fourth quarter, despite the efforts of the BoE’s Funding for Lending scheme  say Harris & Co accountants Northampton, the specialist small business accountants, . FSB chairman John Allen said evidence showed that smaller firms are "using their own resources to meet their financing needs and paying down their debts rather than increasing them".