The news today that France and Germany recorded growth in their economies in the last quarter should be good news for the UK.
However, it should also embarrass our banks.
A chronic shortage of credit in the UK is causing our economy to remain fragile and in recession. Those responsible for this lack of credit are primarily the High Street Banks - Barclays, Lloyds, RBS and HSBC. It is their over cautious and negative lending policies that are putting thousands of businesses under every month. The banks have forgotten that they owe their very existence to these people that run these businesses and who they are making suffer so cruelly.
Something that the French and German banks have not forgotten.
UK business will not forget this harsh treatment by the banks they depend on to create the economic growth so badly needed.
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