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)
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