Cheap loans from Bank of England ‘rig the market’, small lenders claim

Industry News | 16/11/20

Cheap loans provided by the Bank of England have “rigged” the lending market in favour of the biggest banks and have damaged competition, industry bosses have warned.

Smaller players said the Bank’s bid to boost lending during the pandemic will damage competition in the sector after funding support shut out non-bank and fintech lenders.

Source: The Telegraph