Quote:
Originally Posted by derekgas
If the banks start to loan again too soon, people who are/have been out of work, and stupidly run the credit cards to the limit, will cause all kinds of problems, not being able to pay them back, this happened in the 90's, and they are well aware of it, so i dont blame them.
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I dont think for one minute that this is what's meant when this govenrment ask the banks to start lending again.
Small businesses and manufacturing businesses must take priority. They are employers.
If small bank customers decide to take on more credit that they can afford, it's down to the banks to refuse, they have got records and have the wherewithall to consult credit control specialists who have a record of every UK residence and i'ts occupants.
Anyone who puts the label of Fat Cat on a small business owner nust be very misguided.
I have read that the company Ffyfes went under today. They supplied Bananas to the majority of Fruit Wholesalers in the country.
Supermarkets are not buying from suppliers like this anymore.
I fear for the future unless we take complete stock and stuff the politics.