Sorry!! The article you are trying to read is not available now.

British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips

Print comment Post Comments
Lending to companies fell by 4.6 billion pounds in September, sending the 12-month growth rate to its lowest since records began in 1999, the Bank of England said on Nov. 18," according to Bloomberg.  “If companies are heavily indebted and face uncertain times, the demand for borrowing will naturally fall off sharply,” said Geoffrey Wood, professor of economics at the Cass Business School in London and a former Bank of England adviser on financial stability. “I’m not at all surprised that bank lending to companies is down. Firms are trying to pay down their debt.”
SOURCE:   Bloomberg