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Federation of Small Businesses says Government has to do more

Written by Alex in Monday, February 9th 2009   Tags: , , , , , , , , , , , , , , , ,    
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It’s just not working…

The Federation of Small Businesses has hit out at the Government’s response to the economic crisis by saying that they view the measures that have been taken as a failure.
Through the economic downturn the Government has fallen back on their interest rate blanket as well as provided funding for firms around the [...]

Brown announces a second bank bail-out scheme after only 3 months

Written by Alex in Monday, January 19th 2009   Tags: , , , , , ,    
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The government has announced today that a second bail out for banks is in the works, only three months after the first massive bail out was brought to light that was intended to save the banks and ease the tightening felt by the recession.  The new plan is being hailed as the country’s last option [...]

Darling’s got a plan - banks still refusing to play along

Written by Alex in Friday, December 12th 2008   Tags: , , , , , , ,    
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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 [...]

Follow in RBS’s footsteps says Darling

Written by Alex in Wednesday, November 26th 2008   Tags: , , , ,    
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Alistair Darling’s demand for high street banks to follow in the footsteps of the Royal Bank of Scotland has been met with strong disagreement by the banks.  The Royal Band of Scotland recently declared that they would not be removing overdraft facilities for small business in the wake of the economic climate, but other banks [...]

Banks must lend or face nationalisation says the Treasury Committee

Written by Alex in Friday, November 21st 2008   Tags: , , , ,    
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Tougher laws are being mulled over by Chancellor Alistair Darling, which will force banks to lend to struggling small businesses in the wake of the economic downturn.  Darling is supposedly looking to cap interest rates, while another leading Labour member labelled the actions of the banks as “naval gazing”.
MP John McFall, the head of parliament’s [...]

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