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Sony slams govt's credit crisis scheme

Sony has fired criticisms at a new government initiative which aims to help businesses cope with credit problems.

In a contentious budget report last week, Chancellor of the Exchequer Alistair Darling unveiled a credit insurance scheme which aims to support businesses if their credit insurance cover is reduced.

Sony's UK managing director Steve Dowdle, however, said the policy has "effectively signed the death warrant" for a number of retailers.

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