UK small firms reluctant to ask for bankloans - call in the wizard

Britain wants banks to lend more money in order to stimulate the country's faltering economy, and this week it struck a deal dubbed "Project Merlin" whereby the top UK banks agreed to curb their bonuses and boost their business loans.

However, the Charterhouse Research survey said only third of small-sized businesses had sought some form of financing from banks over the last 12 months.

Small firms hesitant to seek bank loans-survey | Reuters

Gawd help us, Project Merlin There's rumour of similar 2 US plans called Project Dorothy and Project Kansas....