Friday, September 4, 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:

  1. It's a simply story. DEFLATION!

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  2. Isn't this good news? Debt repayment.


    Chefdave

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