"Recliner" wrote in message
...
"Zen83237" wrote in message

wrote in message
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On 20 Jan, 15:14, Roland Perry wrote:
In message , at 13:10:58 on
Tue, 20 Jan 2009, Paul Scott
remarked:
"BRITAIN'S only remaining train builder, Bombardier
Transportation, has been
forced to lay off 77 workers at its Derby factory - despite having
a full
order book - because some of its suppliers have had credit
facilities withdrawn by their banks.

In one of the strangest examples so far of the perverse effects of
the credit crunch Bombardier, which has had all its production
lines working at
full capacity, said banks have put such a squeeze on credit that
supplier
firms are finding it impossible to borrow to pay for extra
equipment and employees to meet Bombardier's growing demand for
components."

Bombardier could shock horror offer to pay the relevant
suppliers cash with order, if it's that much of an issue.
--
Roland Perry

I don't think they'd risk that - COD maybe but with a history of
suppliers going bust during big production runs (seats and toilets
spring to mind) I can't see Bombardier, or anyone, risking cash up
front.

This is the sort of thing that the vast sumes of money going to the
banks was supposed to stop - if it hasn't then isn't it time to name
and shame the banks concerned?

Tony

Let's name and shame the gutless Prime Minister that gave the banks
£700 billion and wont stand up to them, even the nationalised ones.

He did -- the instructions were that they had to act prudently, fix their
balance sheets, and repay the money pronto. In other words, the one thing
they weren't allowed to do was to lend money. He then complained that they
weren't lending money.
So he gave £500 billion pounds to the banks but didn't think about insisting
that they actually leant some of it. The reduction in VAT was a fiasco as
well.