UK Bubble UK Economy
Friday, 4 September 2009
Corporate credit crunch
It is a simple story. During the second quarter, banks lent out ₤27 billion, and received loan repayments of ₤37 billion. In other words, banks squeezed out ₤10 billion of cash from UK firms.
2 comments:
TheBinMan said...
It's a simply story. DEFLATION!
5 September 2009 at 23:25
Anonymous said...
Isn't this good news? Debt repayment.
Chefdave
7 September 2009 at 05:56
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It is a simple story. During the second quarter, banks lent out ₤27 billion, and received loan repayments of ₤37 billion. In other words, banks squeezed out ₤10 billion of cash from UK firms.
2 comments:
It's a simply story. DEFLATION!
Isn't this good news? Debt repayment.
Chefdave
Post a Comment