Today on the Jeremy Vine Show the unelected Prime Minister waxed lyrical about how some banks, including HBOS & RBS (the ones we own!) were being forced to increase the amount of their lending to UK businesses, and that the cost of crude oil was falling, both events being of benefit to the country during this recession.
I'd like to suggest to him that he briefly descends from Planet Westminster and talks to real people in real businesses. Very good companies are failing on a daily basis because banks won't lend to help with tight cash flow, and the price of diesel has crept well above £1.00 per litre.
The reality is that lending is not happening, and fuel costs continue to rise.
Wednesday 8 April 2009
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