This is a quote from the book "Chancellor Alistair Darling on brink of second bailout for banks" by The Times loans of all kinds by companies and consumers in the past quarter, and that they plan to tighten the screws more in this quarter.

Halifax reported that the price of the average house fell by more than £100 a day last year. Its quarterly figures showed that the average house ended the year down in price by £37,178, or 16.2 per cent.


“The si ngle most pressing challenge to economic policy is to get the banking system to get lending in any normal sense”Mervyn King, Governor of the

Bank of England, Nov 26


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