Monday, 4 August 2008

The eternal credit crunch

Sometimes one solitary fact says it all. For manufacturing, that fact is the one that points out that total sterling bank lending to the sector is lower in sterling terms today compared to 2002.

For manufacturing, the credit crunch is eternal.

1 comment:

skinto said...

Wow. That seems miniscule compared to the housing market... Surely this sector would have had a better chance of actually generating enough economic activity to pay it all back, no?