Slow Pace of U.K. Rescue Loans Sparks Ire From Firms, Lawmakers
- British banks doubled SME lending but CBI warns of slow pace
- Treasury Committee to call bank executives to explain process
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Business groups rounded on the U.K. government’s flagship lending program for small- and medium-sized companies after a report showed banks extended just 1.45 billion pounds ($1.8 billion) of rescue finance in the past week.