Business urges Chancellor to 'keep up the pressure' on bank lending

Calculators | Accounting news blog | FAQ

DG Accountancy Services save time and money. Simple.

Welcome to this monthly Accounting News bulletin from DG Accountancy Services (http://www.businessbods.co.uk) bringing Small Business' news and information from the business world, as it happens!

Tuesday, 11 August 2009

Business groups have welcomed Chancellor Alistair Darling's recent meeting with the British Bankers' Association, regarding a shortage in lending to small businesses.

The Chancellor expressed his concerns that banks are not making sufficient funds available to small firms, and that they may be charging too much for credit.

The Forum of Private Business (FPB) gave a cautious welcome to the Chancellor's comments, but warned that many of the problems being encountered by small firms are a result of the fact that applications are decided by centrally-prescribed criteria.

The FPB believes that applications should instead be considered on a case-by-case basis, by local bank managers.

Chris Gorman, FPB spokesman, said, 'We want to see a return of the old-fashioned relationships between small businesses and their local bank managers in order to improve the flow of finance to firms that deserve it at this crucial time'.

Meanwhile, the British Chambers of Commerce (BCC) called on the banks to be 'transparent and open' about their approach to lending to small firms.

posted by BusinessBods.co.uk @ 02:49

Use our keyword search faciliy to hunt down exacly what you're looking for.

Use these free tools to check and plan your finances and help you make financial decisions. Find out more

DG Accountancy News monthly Accounting News bulletin bringing Small Business' news and info from the business world, as it happens! Find out more

DG answer YOUR Accounting questions. Find out more

© 2008 DG Accountancy Services PO Box 1600 CROYDON CR0 4WA England (UK)
T: +44(0) 870 777 0279 F: +44(0) 870 420 4308
© Web design and Web Marketing by Signature

D G Accountancy Services is a trading name of Business Bods Ltd. Registered Office: 31 Harley Street, London W1G 9QS
Registered in England and Wales Company No. 5279415

DG Bookkeeping services, based in Croydon Surrey (Taking care of business). DG Accountancy Services provide cost effective small business service. DG Bookkeeping Services for simple bookkeeping. DG Accountancy Services for VAT returns. DG Accountancy Services for payroll. DG Accountancy Services for CIS. Accountancy Services for sales invoicing. DG Credit Control DG National Insurance & tax rates and allowances. DG Bookkeeping Services for sales invoicing and credit control. DG Accountancy Services for taking care of business.