Summary
Fresh evidence of the credit squeeze on business has emerged after figures showed lending tumbled by a record pounds 14.7 billion between April and June.
The second quarter slump in lending to "non-financial corporations" is the biggest since the Bank of England's data began in 1997 - with manufacturing, construction and services worst hit.See the full content of this document
Extract
Banks 'Sitting On Cash' As Credit Slump Continues
The figures are likely to fuel anger over banks holding back on loans to strugglin...
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