Bank lending falls despite BoE scheme

4 March 2013 Last updated at 13:50 ET Help

Lending by UK banks fell by more than £2.4bn in the last quarter of 2012, despite the Bank of England's scheme to encourage it.

The Funding for Lending Scheme began in August last year and was designed to stimulate lending to both individuals and businesses.

The BBC's Hugh Pym reports.

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