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MPC concerned about lack of lending to small businesses

The MPC (Monetary Policy Committee) will meet this week for the last time before the election amid signs that members are becoming increasingly concerned about the lack of lending to the UK small business arena. It seems as though the opinion of MPC members is divided at the moment and there is even talk of bringing back the quantitive easing program in the short-term. So what can we expect this week?

While there is talk of bringing back the quantitive easing program it looks more and more unlikely that any major decisions will be made prior to the election. As a consequence, we can expect the MPC meeting this week to be a fairly laboured affair although this could change after the election depending on which party is elected into power. This is the first time for many weeks that the quantitive easing program has even been discussed by financial experts amid concerns that the UK economy is not reacting as it should do.

The government has already ploughed around £200 billion into the quantitive easing program and while there has been an improvement in lending to the medium and larger business arena this has yet to filter through to the small business sector.

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