MARKETINVOICE CHANNELS £2M OF FUNDING TO SMES
FINANCIAL NEWS / MYINTRODUCER.COM October 24, 2011
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“Today’s downgrade of 12 UK banks is a reflection of the sick state of the UK banking sector. It suggests the Government is less willing to stand behind each and every bank that has underperformed, and constantly bail them out. This downgrade means banks will find it more expensive to access wholesale capital from the markets which could have the knock-on effect of lowering the amount they lend to British SMEs, and increase the cost of these loans. Importantly, British businesses should not have to pay for bank negligence. The Government must now champion credible alternatives in order to facilitate access to capital for UK SMEs. A UK economic recovery depends on these companies having the confidence and capital to create new jobs and stimulate growth.”
Anil Stocker, Co-Founder and Director of MarketInvoice comments on downgrade of 12 UK banks
MARKETINVOICE CHANNELS £2M OF FUNDING TO SMES
FINANCIAL NEWS / MYINTRODUCER.COM October 24, 2011
Please click here to view the full article in PDF format or online.
“Today’s downgrade of 12 UK banks is a reflection of the sick state of the UK banking sector. It suggests the Government is less willing to stand behind each and every bank that has underperformed, and constantly bail them out. This downgrade means banks will find it more expensive to access wholesale capital from the markets which could have the knock-on effect of lowering the amount they lend to British SMEs, and increase the cost of these loans. Importantly, British businesses should not have to pay for bank negligence. The Government must now champion credible alternatives in order to facilitate access to capital for UK SMEs. A UK economic recovery depends on these companies having the confidence and capital to create new jobs and stimulate growth.”