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DAILY TELEGRAPH Cannes Film Festival 2012: Kanye West steps out with Kim Kardashian for Cruel Summer premiere - Thu, 24 May 2012 09:19:06 GMT
Cannes Film Festival 2012: Kanye West steps out with Kim Kardashian for Cruel Summer premiere - Thu, 24 May 2012 09:41:18 GMT
FINANCIAL TIMES UK growth revised downwards - Thu, 24 May 2012 09:15:40 GMT
UK growth revised downwards - Thu, 24 May 2012 10:04:51 GMT
BBC NEWS BBC News - Business - Thu, 24 May 2012 10:04:29 GMT
BBC News - Business - Thu, 24 May 2012 09:19:18 GMT
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Government must get banks lending
Banks are failing in meeting their lending commitments which is hurting British businesses, according to the Lib Dems.
Commenting on the figures from the ONS showing that investment by British businesses was 24.1% lower at the end of 2009 than at the start, the worst decline since records began, Liberal Democrat Shadow Business Secretary, John Thurso said: "This dramatic slump in business investment bodes ill for economic recovery.
"Banks are failing to meet their lending commitments, starving businesses of capital needed for investment.
"The Government needs to get a grip and make sure the banks' lending agreements are more concrete and better policed so that recovery doesn't peter out."
