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The Herald (Free subscription) | 06/01/2009
MINISTERS should put the UK's banks in an armlock and force them to boost lending to firms or run the risk of the country suffering massive damage to its economic base, according to business leaders.Peter Hughes, chief executive of Scottish Engineering, said the UK government needed to take drastic action to help tackle a shortage of credit which is hammering businesses across the country.With...
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The Herald (Free subscription) | 06/01/2009
... should put the UK's banks in an arm lock and force them to boost lending to cash-strapped firms.Peter Hughes, chief executive of Scottish Engineering, said the UK Government needed to take drastic action to help tackle a shortage of credit that is hammering firms across Scotland.Mr Hughes was furious that while the taxpayer has provided billions of pounds to prop up leading...
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The Herald (Free subscription) | 02/12/2008
Scotland's manufacturing sector may be battered amid a crippling credit crunch and a devastating downturn in demand, but most of its companies are tough enough to withstand the global recession, Dr Peter Hughes, chief executive of Scottish Engineering, told The Herald yesterday.
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The engineer (Free subscription) | 03/12/2008
... position to weather the recession due to previous investment in business improvement schemes.Peter Hughes, chief executive of Scottish Engineering, said: ‘I detect a growing sense of anger from many of our manufacturing companies who are being hit by ever-increasing bank charges as a result of the global credit crunch. 'It is galling to find that manufacturing companies are having...
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BBC News (Free subscription) | 02/12/2008
The Chief Executive of Scottish Engineering, Peter Hughes said "Companies have had a severe jolt to their confidence and our SMEs, (small and medium-sized enterprises) in particular are finding that their bankers are proving to be far from helpful." Scotland's manufacturing companies are now leaner and meaner than they have ever been Peter HughesScottish Engineering
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Scotsman.com (Free subscription) | 02/12/2008
ENGINEERING in Scotland is heading for recession in the current quarter, the sector's industry body has warned.
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The Herald (Free subscription) | 02/12/2008
Banks are flouting the government's call to lower borrowing costs for business by levying rates of up to 7% above base rate, one of Scotland's industry leaders said yesterday.Dr Peter Hughes, chief executive of Scottish Engineering, said: "We have had more complaints about the behaviour of banks over the past few months than ever before. Most of these complaints are about banks increasing...
