Competition fears over SME lending

Press Association
Updated
Embargoed to 2230 Thursday January 30File photo dated 02/01/07 of a piggy bank as living standards are unlikely to have recovered to their pre-crash levels by the time of next year's general election, a leading economic think tank has warned. PRESS ASSOCIATION Photo. Issue date: Thursday January 30, 2014. The Institute for Fiscal Studies (IFS) said that while the fall in household incomes has now probably come to a halt, living standards are still

%VIRTUAL-SkimlinksPromo%The UK's major banks are facing another inquiry after regulators highlighted their fears about the market for lending to small and medium-sized (SME) firms.

The Office of Fair Trading (OFT) said its initial work identified possible competition concerns in the sector, including suggestions that there is not enough incentive for banks to compete on price, service or quality.

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