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Fears of new credit crunch as Bank of England warns UK banks are struggling to raise funds
Fears of a further credit crunch intensified last night after a stark warning that British banks are struggling to raise money for loans to households and businesses. The Bank of England said the crisis in the eurozone and slowdown in the global economy have deprived UK lenders of access to vital funds. Britain has a one in three chance of tumbling back into recession but the squeeze on household finances is finally coming to an end, the Bank added yesterday....Read more HEREYou must be logged in to post a comment.
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