Thursday, Jul 08, 2010
Hey guys! You're not pumping enough into the bubble!
Telegraph: UK lending to small businesses collapsed last year
Near the end of the artilce... "Customers paid off £11.6bn of credit card and other non-mortgage debt last year, the report showed. Net mortgage lending was just £7.8bn, less than a 10th of its £110bn peak in 2006."
Posted by mark wadsworth @ 10:30 AM (421 views) Add Comment
1 Comment
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1. Wageslavex14 said...
The mortgage lending figures are not a cause for concern for the economy, but the business lending figures are a genuine disaster.
I have a bit of faith in Vince Cable to at least try and sort the out misallocation of bank lending towards property companies and residential mortgages, but my concern is that his coalition masters, who are largely landowners themseleves, will not let him.