companies house made easy

an end to fixed retirement age

Chancellor George Osborne has delivered the first Budget of the Conservative - Liberal Democrat coalition Government.

SMEs use multiple banks to avoid risk

Small businesses are moving away from using just one bank due to the credit crunch and the difficulties in accessing finance from high street banks.

emergency budget 2010

Chancellor George Osborne has delivered the first Budget of the Conservative - Liberal Democrat coalition Government.

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Vince Cable, Treasury Spokesman for the Liberal Democrats has lambasted banks for their failure to release credit to small firms, and blamed them for jeopardising the economic recovery.

Speaking of Lloyds and Royal Bank of Scotland, Mr Cable stated: “They insist that they are falling over backwards to help their business customers despite all the mass of evidence to the contrary."

“Restrictions on lending to sound companies by all banks is preventing a sustained economic recovery and thereby compounding the risk of growing bad debts about which banks are concerned.”

"Bank managers are reported to be playing all kinds of games to tick the boxes without engaging seriously with smaller commercial clients."

Whilst outlining the Liberal Democrats’ plans for banking regulation, Mr Cable also said that a policy to compel banks to start lending was “unavoidable”, and stated that his party was “committed” to breaking up the banks.