Ian Dunt starts his article by saying;
"New data showing persistently low levels of bank lending have prompted a tirade of anger at the sector and the government.
Research published today by the Institute of Directors (IoD) shows nearly 60% of businesses seeking bank finance in 2009/10 were rejected by their bank, and that 20% are financing their business to at least some extent with a credit card.
The figures corroborate a damning public accounts committee report last week which concluded the Treasury does not know why state-owned banks are still not lending and has few resources it can use to force them to do so. "
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No appropriate accountability. No punishment. Massive profits (see Barclays today). Disgraceful bonuses. No appropriate levels of lending.
When will the gutless government act appropriately?
To read the full article click on link
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