Press Release
20 March 2009 | TIME TO GET LENDING, SAYS TMA
Britain's turnaround management specialists have welcomed the Bank of England's decision to pump £75 billion into the economy. But TMA (UK) is urging the country's banks to get the money straight to businesses that need it by easing up on their lending restrictions.
“The reality is that perfectly sustainable and well-managed businesses are suffering from the shortage of credit just as seriously as badly-managed ones,” said TMA Director David Hole. “All businesses need credit to operate normally, and I have seen perfectly viable companies having to cease trading because the banks have refused to lend them enough money to fund their normal operations.”