Banks Are to Blame for Our Crisis, Say Builders

Daily MailJune 16, 2008

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Summary


SCOTLAND'S housebuilders have accused the country's banks of helping to send the industry into freefall.

With house prices falling as the credit crunch bites, big-name developers have seen profits plunge.

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Extract


Banks Are to Blame for Our Crisis, Say Builders

Some have resorted to incentives such as lower-interest purchases and extended deals in an attempt to clinch sales.

But t...

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