Britain's small firms 'are still struggling to borrow money'.THE pounds 200bn injected into the financial system to boost lending has not filtered through to Britain's small and medium-sized businesses, a survey claimed today. The British Chambers of Commerce (BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) said 33% of companies reported accessing finance had been more difficult over the past three months, a deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. on the 20% reported in June. A further 64% of respondents to the BCC's monthly business survey reported no change in finance availability, while just 3% said the situation had improved. As well as battling continued lending constraints, the 400 businesses questioned in the survey were gloomy about general trading conditions. The study found that 64% of participants said that their biggest barrier to growth over the next 12 months was the lack of customer demand. BCC director-general David Frost For other persons named David Frost, see David Frost (disambiguation). Sir David Paradine Frost, KBE (born 7 April 1939) is an English television presenter, famed as both a pioneer of TV satire and for a series of legendary political interviews. said: "The biggest issue facing British businesses is still demand for products and services. "It is clear the huge sums injected into the financial system are still not reaching small and medium-sized businesses." |
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