Chancellor Alistair Darling and business Secretary Lord Mandelson are to urge bank bosses to improve their treatment of small businesses at a meeting later today so that they can soften the impact of the recession.
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Darling’s got a plan - banks still refusing to play along
Written by Alex in Friday, December 12th 2008 Tags: banks, chancellor alistair darling, deflation, government, interest rates, lending, Recession, treasury select committee
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Alistair Darling is once again stepping up the pressure on banks and has announced that the banks must do “much more” to aid small businesses in the country.
The Chancellor made a promise to small businesses that he would apply any necessary pressure to get the banks lending appropriately. He also understands that more governmental guarantees […]
Mervyn King admits UK is Heading towards a Recession
Mervyn Kind has finally admitted the UK is most likely heading toward a recession in 2009.
Report Claims UK “Already in Recession”
Top forecasters say that UK economy has “deteriorated dramatically” in the past three months, and feel the country is already in a recession.
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