U.K. households and companies may face tighter borrowing terms in the third quarter as lenders pass on higher funding costs, a Bank of England survey showed. Spreads on secured lending to households widened markedly in the second quarter and are expected to widen significantly in the third, the central bank in London said in its credit conditions survey. Only large firms escaped a tightening of borrowing terms in the second quarter and spreads on loans to firms of all sizes are predicted to rise markedly. “A further marked widening of spreads was expected across secured household and corporate lending in the next ... (full story)