Summary
Companies are closing the shutters on investment as the economic storm clouds gather, according to worrying statistics issued yesterday by the banking industry.
Company borrowing fell by pound(s)7 billion in October, more than the total pound(s)5.4bn fall over the previous six months, the British Bankers Association revealed. However, non-financial company lending had actually risen by pound(s)1bn in September.See the full content of this document
Extract
Company Borrowing Falls by Pound(S)7bn Amid Pessimism
Howard Archer, chief economist at IHS Global Insight, said the lending slump was "evidentl...
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