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Sir Alan risks angering small firm owners

Sir Alan Sugar has risked angering small business owners again in his opening speech at the House of Lords.

The enterprise tsar said that small firm owners should not expect a 'blank cheque' simply for 'coming up with a good idea'.

Lord Sugar's comments come weeks after he was embroiled in a furious row with small-business leaders after he said a proportion of struggling firms turned down for loans were 'moaners' who live in 'Disney World'

In yesterday's speech Sir Alan said: "I have also seen some poor examples of businesses which simply won't succeed - even in the best of times. The reality is that however good the help provided by government, some businesses simply don't work. And government and banks can't just write out blank cheques to anyone who thinks they have a good idea."

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Post Date: November 26th, 2009