Alistair Darling is once again stepping up the pressure on banks and has announced that the banks must do “much more” to aid small businesses in the country.
The Chancellor made a promise to small businesses that he would apply any necessary pressure to get the banks lending appropriately.  He also understands that more governmental guarantees [...]

A new poll taken by the smallbusiness.co.uk website has shown that concerns are growing throughout small businesses in Britain that the Christmas period will be a very dreary one indeed.
The poll revealed that over a third of small businesses claimed that they had seen the worst Christmas trading ever, while a further 28 per cent [...]

Double Inflation For Small Businesses
Cost rises are the latest knock for small businesses trying to stay afloat in the economic crisis.  A report has shown that small businesses face yearly cost rises that are twice that of the rate of consumer inflation, a staggering 9.4 per cent.
The report, by insurance firm More Than, showed that [...]

Banks have vowed to make it easier for small businesses to gain access to credit after pressure from the Government led to talks between the two sides.
The news follows a recent uproar by small business representatives as banks have seen an injection of funding from the European Investment Bank, however none of this funding seems [...]

HSBC has announced that they will be raising the amount of money they set aside for mortgages in 2009, up by 20 per cent to a generous £15 billion.  The news comes after great efforts by the Government to see to it that banks in the Britain continue lending to customers despite the current economic [...]

As we bear witness to the interest rates being slashed by an incredible 2 per cent in recent weeks, the Chancellor, Alistair Darling, is still warning banks that unless they pick up their rate of lending then “further action” must be taken by the Government.
The new interest rate is the lowest the country has seen [...]

The majority of the main banks in the country have declared that they will be passing along the new interest cuts to their customers in the future.  The cut, a one per cent slash, perhaps is the fallout of the recent claims by the Royal Bank of Scotland, recently taken over by the Government, that [...]

HBOS has agreed terms with the European Investment Bank today providing HBOS with a £250 million fund to aid small businesses that bank with them.  The move comes after the Government, who recently took control of the Royal Bank of Scotland, called for banks to follow in RBS’s footsteps and continue to lend to small [...]