Credit still not flowing, warns CBI

The trade body argues that, unless credit begins to flow again, the Government's other initiatives will be "ineffective and expensive failures". In a letter to member companies, Richard Lambert, director general of the CBI, set out a number of initiatives he argues the Government must urgently adopt including measures being used by the US government to lend money to firms in the short-term, and by the French government to make trade credit insurance available. "We still need to address the root of the problem," Lambert says. "Credit flows, on which companies depend for day-to-day busine...