According to experts, the lack of access to credit for businesses is slowing down the economic recovery in the UK.

The British Chambers of Commerce, the country's economy is slowing as the businesses do not have adequate access to credit in the country.  A new BCC's quarterly economic survey for the third quarter showed that manufacturing and service sectors reached the level that were recorded before the financial crisis.

On the other hand, the survey showed that cash flow for manufacturing fell from the third quarter in 2013indicating that the businesses are still finding it difficult to finance their operations.  Businesses are aiming to expand operations to meet the growing levels of demand but the lack of access to credit is affecting the business.

David Kern, chief economist at the BCC said, "With most key balances in this quarter higher than their pre-recession levels in 2007, it is clear that the UK recovery is likely to continue to strengthen in the short term.  On its part, the government has to work to increase the flow of lending to growing businesses through a fully-funded Business Bank, to ease the logjam of those firms striving to expand."

Chancellor George Osborne has kept the target of a balance of 35% during the fourth quarter of 2013 for export sales at the national level.