The financial services sector in the U. K has been stable for the last three months.

A Confederation of British Industry survey conducted on 80 companies shows that the fraction of firms which are anticipating amplification in business in the following three months is at a four-year high.

The survey was conducted between February 17 and March 3. It revealed that while the volume of business had increased by 43% it had also decreased by 42%.

The difference of +1 percentage point was firmer than the -13 point firms were expecting.

In the coming three months a balance of 48 percentage points of firms anticipate that that their business will expand. According to the CBI, this has been the highest reading since March 2006.

Ian McCafferty, the Chief Economic Adviser at the CBI, remarked, "Financial services companies hope lending will grow across their customer base over the coming quarter, lifting business volumes and helping profitability" .

However, McCafferty also evinced that the performance in the sector was varied. While some businesses were growing in building societies they were falling in banking. While loans to private individuals increased, loans to companies had declined.