The economy is in a bad state and unemployment is rising, and small businesses are also suffering as banks are refusing to lend to many potential customers. There are no legal obligations for banks to lend to people so they are only motivated by their desire to see borrowing increase and apparently this desire is [...]
The latest nationwide survey by the Federation of Small Businesses has established that in the past year banks are still not lending to those businesses that need to expand and grow. Companies are missing out on opportunities to progress.
Judi Brazkiewicz, Chairman for FSB Worcestershire, said if the Government required the private sector to pick [...]
The biggest banks in the country will be lending less than expected to small and medium-sized enterprises this year, at the same time as former bosses of Barclays, HSBC and Lloyds could be earning more than £3million in pay and benefits, the Sunday Times reports.
The widely-reported lack of bank lending, prompting fears of a [...]