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!

Anonymous said...

Isn't this good news? Debt repayment.


Chefdave