Fifty British firms are failing every day as many are 'unable to obtain credit at any cost'

Small businesses are continuing to suffer because of a three-year lending drought and many are 'unable to obtain credit at any cost', the Bank of England has warned. To make matters worse many are having their overdraft facilities withdrawn, the Bank says.

This can be devastating, abruptly removing a facility which they rely on to smooth over cashflow problems and keep their business afloat...Daily Mail