Announcement
Collapse
No announcement yet.
The BANK OF England reports!!!!!!!
Collapse
X
-
Re: The BANK OF England reports!!!!!!!
"
Despite the rescue, the Bank expects credit growth to slow markedly – from 21pc in 2005 to just 4pc next year – as lenders shrink their £740bn "customer funding gap" to 2003 levels of £265bn.
The Government has insisted that banks continue to lend to businesses and households in an attempt to stimulate the economy by staving off job losses and repossessions. However, the report warned of "increasing corporate vulnerability, particularly at businesses heavily dependant on the retail and property markets" as rising numbers of companies are not sufficiently profitable "to cover their interest payments".
MIke
Comment