Small business lending plummets £27bn in three years across Great Britain, with 90% of postcode sectors experiencing decreased financing.

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New research by digital broker money.co.uk reveals a significant decline in high street bank lending to small and medium-sized enterprises (SMEs) in the UK, with total outstanding credit falling to its lowest level in over a decade. According to analysis of UK Finance’s postcode lending data, which tracks SME loans and overdrafts across every postcode sector in Great Britain…

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