LONDON—U.K. businesses repaid debt for a tenth time in 12 months in January, a survey showed Tuesday, suggesting that despite a pickup in economic growth, they are not yet confident enough to approach banks to finance new investments.
Data from the British Bankers’ Association showed that bank lending to nonfinancial firms contracted £317 million ($529 million) in January after a £920 million net repayment in December. In January 2013…
Continued here: U.K. Businesses Pay Down Debt
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