Credit squeeze expected to continue into 2009

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Credit squeeze expected to continue into 2009

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03-26-2008, 07:52 PM

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Credit squeeze expected to continue into 2009

If the latest report from the Confederation of British Industry (CBI) is anything to go by, the current financial turmoil is expected to spread well into next year. An increase in household costs including mortgage repayments and utility bills are to blame for the continued slump in the UK’s economic growth. Richard Lambert of the CBI said [...]

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