UK firms less likely to borrow than at any time since financial crash

Demand for credit is waning among UK's leading companies, according to accountancy firm Deloitte

The UK's leading companies are less inclined to borrow now than at any point since the financial crisis of 2008, a survey of directors has found.

Demand for credit is flagging among chief financial officers, with barely a quarter of those polled at FTSE 100 and FTSE 250 companies expecting to increase borrowing in the next year.