In the hope of providing some perspective on these problems, I will begin by attempting to define what is commonly called the "
credit crunch." I will then describe how developments in the financial and real sectors of the economy led to restricted credit availability and why the situation has been particularly acute in New England.
The financial
credit crunch was caused by the banks not Labour; the clue is in the name, global financial
credit crunch.
In a research report, the central bank said that foreign-owned bank branches in Britain helped to shrink loan books of banks by almost half at the height of the
credit crunch.
The
credit crunch badly affected every country's economy in the world.
"Last year was linked to the
credit crunch, the first time we have had such a crisis in the UK," he said.
National eating disorder expert, Professor Hubert Lacey, who is medical director of Newbridge House in Sutton Coldfield, where patients are treated on the NHS, said he had seen a noticeable increase of men at his clinics since the
credit crunch began to bite.
National eating disorder expert Professor Hubert Lacey, who is medical director of Newbridge House in Sutton Coldfield, where patients are treated on the NHS, said he had seen a noticeable increase of men at his clinics since the
credit crunch began to bite.
Will the
credit crunch impact on funds available this summer?
John Hooper, president of the British Gold Panning Association, said: "We think we will be a lot busier this year, with people looking to try their luck, due to the
credit crunch."
That number has gone up massively because of the
credit crunch."
YOUNGSTERS in Wales are least interested in the
credit crunch compared with other UK kids, according to a new survey.
He said that a
credit crunch cannot be precluded since banks have already become very restrictive in their lending policy.
A FREE guide on how to survive the
credit crunch is now available from The Institute of Chartered Accountants in England and Wales (ICAEW).
MANAMA: Top businesses around the world are increasing their focus on a wide variety of risks as global economic conditions continue to be affected by the
credit crunch, says a survey.