Credit hopes ease for British firms – answers

By Berni | June 3, 2009

questions

What seems to be easing for British firms? the credit crunch
What does CBI stand for? Confederation of British Industry
How many banks will continue to toughen lending? 7%
What was the figure in March 2009? 36%
What, according to the Bank of England, is essential? ease of access to credit
What has the Bank of England tried to do? spur lending
Who has promised £billions to protect lenders? the British government
What is good news? that things aren’t deteriorating any more
What phrase does the economist use to suggest that government initiatives have only been marginally responsible for the changes? ‘to a certain extent’
Despite this news, what are banks still doing? reigning back credit