Corporate banking lending 'more positive with Conservatives'

Corporate banking lending is one way businesses feel their futures could be more secure, it has been suggested.

A new poll by Travelex Global Business Payments has revealed 38 per cent of firms questioned believe the Conservatives would be the best party to encourage banks to lend to firms.

However, with the Tories and the Liberal Democrats currently in talks to end the hung parliament stalemate, many companies are shrouded in uncertainty about their financial futures.

Almost half of businesses think a hung parliament will negatively impact upon their operations, the survey found.

Increased lending from the corporate banking sector may help boost credit supplies.

Paddy Earnshaw, customer director at Travelex Global Business Payments, stated: ’Worryingly, a hung parliament may also affect their ability to obtain credit for their business.’

He added a downward trend of the pound will be experienced unless the political outlook of the UK becomes more transparent, as financial markets will remain on unsteady ground.ADNFCR-2318-ID-19766989-ADNFCR