Further pressure has been placed on the government to increase the availability of secured loans.
In its response to the recent pre-Budget report, the Treasury committee called for more to be done to improve the flow of credit.
The group of MPs stated that a return of lending is "single most critical problem" facing the UK economy at present and chairman of the committee John McFall urged the government to help accelerate this.
"There is still far more work to be done," he said, adding: "Without that increase in availability, the recovery of the economy will be placed in jeopardy."
Mr McFall also called for preparations to be made for the possibility that interest rates reach a point that they cannot fall below.
The Bank of England's base rate is currently at the lowest level in its 315-year history, having been dropped by 0.5 per cent to 1.5 per cent this month.
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