Lending to businesses falls for second consecutive month
In its latest “Trends in Lending” report, the Bank of England said the flow of credit to British businesses fell to £3.4 billion in May and followed a drop of £6 billion the previous month. During 2007, the normal levels of lending were £7 billion per month and £4 billion in 2008 - when the credit [...]
Re: Lending to businesses falls for second consecutive month
No great surprise. The high street banks would rather ride out the current recession and start lending again when things are better. Problem is.... they won't get better until they start lending!
Lending to businesses falls for second consecutive month
