Credit Crunch. It has started to dominate our lives, though we may not – yet – have been personally crunched ourselves.

The world's financial system is in chaos. Banks are being bailed out. Credit is getting harder and harder to find, even for those with squeaky-clean records.
(Sean O'Grady, The Independent, Friday 4 April 2008)

"The International Monetary Fund (IMF) has warned that potential losses from the credit crunch will reach £472bn and could be even higher. Losses are spreading from sub-prime mortgage assets to other sectors, such as commercial property, consumer credit, and company debt and it warns that tough measures and government intervention may be needed." (Extracted from Steve Schifferes Economics report, BBC News, 8 April 2008)

At this briefing along with NBV Business Advisers there will be representatives from the Bank of England and Lloyds TSB. You will hear the story of the credit crunch in financial markets; the highlights of the story so far, from its roots in global financial developments, through the turmoil of the autumn, to the current state of financial markets and the effect of the credit crunch on business; the evidence on how the problems in financial markets are affecting the ability of businesses to operate and grow.

You will be able to find out how local Banks are supporting local businesses through the difficult times. Their approach to lending in the credit crunch and what support they’re providing to customers

This is your chance to ask the experts questions and find out how the credit crunch could affect you and your business.

Date/Time
1st May 2008, 7:30am-9:00am
Free to attend! (Continental breakfast is provided)

Venue
Mercury House, Shipstones Business Centre, New Basford, Nottingham

Click here to book your place or telephone 0115 970 5550.