Bank’s Credit Conditions Survey Warns Britishers on second credit crisis
Latest Bank’s Credit Conditions Survey of Bank of England warns that Britain may suffer a dip in economic activity later this year as the impact of austerity measures and the sovereign debt crisis start to bear down on the wider economy. As there will be a shrink in flow of home loans.
What is “Bank’s Credit Conditions Survey”
It is a survey conducted to maintain monetary & financial stability in banking system by understanding the trends and development of the credit conditions.The survey covers secured and unsecured lending to households and small businesses; and lending to non-financial corporations, and to non-bank financial firms.
Download link
http://www.bankofengland.co.uk/publications/other/monetary/creditconditionssurvey100701.pdf