Borrowing by smaller firms is smaller once more in 2017. With uncertainty after the Brexit vote smaller companies are showing reluctance in borrowing amid concerns of economic fallout from the vote. Large firms borrowing was relatively flat although they are borrowing it is still less than expected. Lending for unsecured credit also showed signs of increase in late 2016 but are expected to decrease in the early part of 2017 according to market surveys that have been conducted.

Read more: Bank borrowing by smaller UK firms falls again – Bank of England – Reuters UK