With one in five firms saying access to finance is the main barrier to achieving growth aspirations, the FSB believes the credit squeeze
will reduce new job creation and further set back the UK's struggle to emerge from recession.
A deterioration in the European financial system "could cause some of the American financial institutions to become more conservative and limit their own balance sheet expansion, a credit squeeze
that would place a limit on the American economy," Kaufman said in an interview with Reuters.
While, the credit squeeze
goes on, "there is hardly any credit demand for new investment in the economy.
Cable put the plans on ice last November due to the stock market turmoil and credit squeeze
Cable put the break-up plans on ice last November at the height of the financial crisis due to the stock market turmoil and credit squeeze
Aid of up to 500,000 per firm may be granted in 2009 and 2010 to businesses facing funding problems because of the current credit squeeze
House sales have virtually ceased, reflecting the high value of homes, the credit squeeze
and the unavailability of mortgages to first time buyers.
The company has experienced bad debts and order cancellations due to the credit squeeze
This framework aims to enable the member states to minimise the effects of the credit squeeze
on the real economy.
The aim of the day was to give people advice on how to beat the current credit squeeze
and the benefits they could be entitled to.
Firms were asked about the impact of the credit squeeze
and the slowing economy and about 80% reported each was having an effect on their business.
I called up a couple of banks to check if the so-called credit squeeze
has spread to auto financing as well.