Tuesday, June 2, 2009

Expectations of improving the credit market in the UK

The possibility of obtaining loans in the UK small business remains very modest, but the situation has improved somewhat, and will continue to improve over the next three months. According to the Confederation of British Industry in the review of the credit market, the decline is slowing and is expected to stabilize the market in the near future. 20% of respondents reported that credit deterioration, 36% said that borrowing remains a serious, against 62% in the survey for the three months to January. 10% of firms expect the deterioration of the credit market, against 16%. "The suitability of the market lending business remains one of the important topics, but in the past few months the situation has improved", - said Ian MakKafferti, chief economist of the Confederation of British Industry. "Large companies faced serious challenges in trying to obtain loans at the beginning of the year, but they hope for a recovery in the next few months", - he added.

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