This is a quote from the book "Chancellor Alistair Darling on brink of second bailout for banks" by The Times
...over the past two months, the focus at the Treasury has shifted away from mortgage lending to the pressure being put on businesses by the scarcity of loans, which is emerging as the bigger economic da nger.

Richard Lambert, the Director-General of the CBI, said yesterday: “The Government is going to have to do more to restore credit flows across the economy.”

He said that the car indust ry was especially vulnerable: “Without access to credit or loan guarantees on commercial terms, this vital part of the economy will incur lasting damage.”

The scale of the lending drought was hi...

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