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credit but face higher costs of financing, according to a survey
published on Monday by the Confederation of British Industry. "The
improvement in access to new credit will help many businesses
struggling with the recession, and it is encouraging that its supply
is expected to improve in the months ahead," CBI head Richard
Lambert said. "It is still unclear when bank lending will be flowing
freely again, but for many firms credit conditions are at last moving
in the right direction." The business lobby group, which polled 73
firms in July, found that 27 percent believed that credit
availability had improved in the last three months, while 10 percent
said it had worsened.
