Banks are not supporting small business

10.04.42am GMT Wed 10th Feb 2010

John Thurso

Commenting on recent figures showing a rise in corporate failures and the number of personal insolvencies at its highest level since records began, Liberal Democrat Shadow Business Secretary, John Thurso, [pictured] said: "These figures make grim reading. Time after time, the Government throws around big numbers in headline-grabbing pledges in an effort to convince business that it is helping, and time after time it fails to deliver. Now more than ever, ministers need to lay down the law with the semi-nationalised banks to make sure solvent businesses and individuals get access to the credit they need to survive the recession." Fylde Secretary, Mike Turner, is Chairman of a local business whose products make it a market leader and he can testify to the need for the banks to be made to implement & not frustrate Government policy. Mike says "We have a business plan for export expansion which is acclaimed by the financial services industry which then uses truly fantastic ingenuity to find reasons why they will still not support us"