The Bank of England have release their Q4 credit conditions report
Significant reduction in capital investment and commercial real estate led to main changes in corporate lending demand
Large company demand for bank borrowing unchanged in Q4 vs big fall in Q3
Saw a significant drop in demand for borrowing by SME's, expecting another fall for small firms in Q1
Demand for buy to let mortgage lending increased significantly in Q4, expected to fall in Q1
Banks are expecting the availability of unsecured household credit to decrease slightly in Q1
Banks predict a slight increase in availability to mortgage lending in Q1
Default rates on secured household lending fell in Q4
It's no real surprise to see investment falling with Brexit hanging over the UK like a storm cloud.