Following today's announcement from the British Bankers' Association that it has met its lending targets under the Merlin scheme, EEF and the Labour Party have expressed scepticism.
The British Banker’s Association (BBA) said that the UK’s top five banks – RBS, Lloyds, HSBC, Barclays and Santander UK – have met the set targets. The group lent over £100bn to British businesses during the first six months of 2011. The BBA also said that SMEs had received £37.4bn of the total amount lent.…
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