Sunday, 8 August 2010

Two Steps Forward...

British banks have just declared their half yearly results and on the face of it they seem to have come through the worse of the crisis with Lloyds and RBS showing big increases in profitability; but that is only the half of the story as this excellent article from today's Herald Scotland shows. Small and Medium enterprises in Wales will continue to struggle to obtain funding for expansion and job creation especially when interest rates go up and the banks pay back the 'soft loans' to the UK Government.

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