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FLS unlikely to impact business loans until mid 2013

The Funding for Lending scheme (FLS) is unlikely to materially impact net lending to businesses until the middle of next year, according to the latest quarterly bulletin from the Bank of England.

Government vows to double deregulation efforts

Minister of state for business and enterprise Michael Fallon has announced a new "One-in, Two-out" target for new Whitehall legislation to replace the "One-in, One-out" rule from January 2013.

BIS awards first 55m under Business Finance Partnership

The Department for Business, Innovation and Skills (BIS) has awarded the first 55m under the Business Finance Partnership (BFP) to four successful bidders.

Autumn Statement fails to inspire print

This week's Autumn Statement has failed to 'wow' the print industry, despite the reduction in corporation tax, increase in capital allowances and scrapping of the 3p fuel duty hike.

Autumn Statement 2012: Live text

Live updates of the Autumn Statement and the measures that will impact UK print as it happens.

Funding for Lending users cut borrowing by 1.1bn

Lending decreased by 1.1bn across the six banks that borrowed from the Bank of England (BoE) during the first two months of its Funding for Lending Scheme (FLS).

Asset finance firm 'offered inducements' for intros to failing firms

One of the UK's largest independent asset finance providers has been accused of offering incentives for introductions to struggling firms so that it could profit from their collapse.

UPM accuses Metsa of breaching shareholding agreement

UPM is taking legal action against fellow paper manufacturer Metsaliitto Cooporative and its subsidiary Metsa Board, in relation to the jointly-owned Metsa Fibre.

Alderson creditors owed over 5m following collapse

Unsecured creditors of the five operating companies of Alderson Print Group (APG) were owed a combined 5.1m at the time of their administration, according to the creditors report.

Funding for Lending could boost business loans by 66bn

A Bank of England scheme to boost bank lending to businesses and households could provide up to 66bn in funding based on current uptake.

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