Thursday, April 3, 2008

The sheeple might not have woken up yet, but give it a couple of months…

Bank Says Credit Crunch To Bite Harder

The Bank of England has admitted that the credit squeeze is going to get worse before it gets better. Its quarterly credit survey has shown that lenders across the country expect to slash the amount of money they allow people to borrow even more sharply in the coming months. Increasing numbers of individuals and companies are defaulting on loans, and there will be more repossessions, it has forecast.

Posted by francis @ 10:42 AM (304 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>