Pantheon Macroeconomics

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6th Jan 2023 16:13U.K., Daily Monitor

  • The effective rate on corporate bank loans leapt to 4.82% in November, from 2.70% a year ago; it will hit 5.5% soon...
  • ...The resulting squeeze on profits is consistent with a double-digit percentage drop in capex this year.
  • Firms also have fired staff when financing costs have leapt; surveys show they are now wielding the knife.

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Keywords for: 10 Jan 2023 UK Monitor

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