Is the recession only in the US?

[deano]

- credit almost impossible to get

And yet my friend is a business account manager with Lloyds TSB and he told me (last Friday evening) that he was lending more than ever to his SME customers!

His view is that the lack of credit availability is being talked up by the Government in order to make the banks look bad, to make the Government look better and to take everyone's eye off the fact that it was the Governments decision making years ago that has led to this.

Has anyone - or do you actually know anyone who has - applied for a loan for their business and been turned down? If they have was it for a legitimate reason (is credit rating, lack of a sound business plan etc)?

[Francko]

Try looking for UK work in the toot toot gravy train world of .Net and you'll find all the doors are shut and nobody is getting aboard.

Forget .Net. Spend your last savings on a SAP course and get millions afterwards. Every man and his dog can do it. Boomed again.

[Pondlife]

Try looking for UK work in the toot toot gravy train world of .Net and you'll find all the doors are shut and nobody is getting aboard.

Plenty of work on the mainland.

[Francko]

Plenty of work on the mainland.

...till now...

[Francko]

And yet my friend is a business account manager with Lloyds TSB and he told me (last Friday evening) that he was lending more than ever to his SME customers!

His view is that the lack of credit availability is being talked up by the Government in order to make the banks look bad, to make the Government look better and to take everyone's eye off the fact that it was the Governments decision making years ago that has led to this.

Has anyone - or do you actually know anyone who has - applied for a loan for their business and been turned down? If they have was it for a legitimate reason (is credit rating, lack of a sound business plan etc)?

Most of the sick part of the credit belongs to the consumers. Loans of 10-20 grand given to people on benefits or on very low income who will never repay that. Same problem as subprime mortgages really, it was just an indiscriminate action from the banks to pump up their profits (oh well, afterall, when things get bad they get money from the government so why not milking every profit?).

[Pondlife]

Plenty of work on the mainland.

...till now...

Unilever.... BAT.... Current Client....


Edit: I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

[milanbenes]

Jeeeeeeeeeeeeeeeeez,


European Mainland is a disaster, all going TU

Stay in the UK much better prospects, all the mainland contractors
are heading to the UK as a safe haven to ride out the storm

Milan.

[Francko]

Jeeeeeeeeeeeeeeeeez,


European Mainland is a disaster, all going TU

Stay in the UK much better prospects, all the mainland contractors
are heading to the UK as a safe haven to ride out the storm

Milan.

Eurozone and SAP.

And get ready to book your Cadillac and your wi-fi equipment.

[milanbenes]

Franko, you cheeky monkey,

season of good will and all that, hope you are doing fine.

Will be down your way in March, Benes Family will be skiing in Livigno.

Milan.

[sasguru]

Unilever.... BAT.... Current Client....


Edit: I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

I'm not saying that Europe (inc UK) is not in a mess. I'm just saying that I cannot see any evidence of it yet in terms of everyday life.

Yet being the operative word.