Press Release
12 August 2009 | DON'T BE FOOLED BY SIGNS OF RECOVERY, SAYS TMA (UK)
Rising house prices and share values shouldn't be taken as signs of an end to the economic downturn, say Britain's turnaround and recovery professionals.
For TMA (UK) is warning that there is still an acute shortage of bank lending to businesses, exacerbated by the increasing cost of available credit which is significantly above the base rate. This affects both the capacity of consumers to demand goods and services and the ability of business to finance the supply, meaning that perfectly viable companies will continue to go under because they are denied access to the operating finance they need.
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