Lack of trust in banks holding back recovery, says BoEs economist

Written by Reuters | London | Updated: Nov 23 2013, 08:12am hrs
British businesses' lack of confidence in banks since the financial crisis is holding back economic recovery, the Bank of England's chief economist Spencer Dale said on Friday.

In a radio interview, Dale said many firms felt unable to rely on banks after they were unable to access credit in the 2008-09 financial crisis.