Business Advice for all UK firms from starting a business to flotation
Bank chiefs to address business lending
Six UK banks have announced they are to form a taskforce to help increase lending to businesses.
British Bankers' Association boss Stephen Green - who is also chairman of HSBC - outlined the plans in a letter to chancellor George Osborne.
In his letter Mr Green said there was a "need to make sure that viable businesses are able to obtain the finance they need to support the recovery of the UK economy".
Many high street banks recently announced bumper profits for the first half of the year and have been criticised for not lending to small and medium-sized companies.
The taskforce's findings will be presented to Mr Osborne in October.
Post Date: August 9th, 2010
British Bankers' Association boss Stephen Green - who is also chairman of HSBC - outlined the plans in a letter to chancellor George Osborne.
In his letter Mr Green said there was a "need to make sure that viable businesses are able to obtain the finance they need to support the recovery of the UK economy".
Many high street banks recently announced bumper profits for the first half of the year and have been criticised for not lending to small and medium-sized companies.
The taskforce's findings will be presented to Mr Osborne in October.
»
- Login or register to post comments
- Printer friendly version
Post Date: August 9th, 2010
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap