Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Chancellor to rally banks over business lending

27th July 2009

Banks could be urged to make small business borrowing cheaper by chancellor Alistair Darling.

Mr Darling has scheduled a meeting with banking executives today (July 27th) after he admitted he was "extremely concerned" about business lending rates.

In an interview on the BBC's Andrew Marr Show on Sunday, the chancellor called on lenders to 'live up to the promises that they made'.

He said: 'Because of the particular circumstances we're in now, because of the fact we've got this recession, we also need them to lend money.

'That's why we re-capitalised them to do that and that means they've got to live up to the promises that they made.'

His comments come after the Federation of Small Businesses called for action to support village shops, pubs and other businesses at risk of closure.

The organisation claimed that local authorities often fail to offer business rate relief beyond the mandatory 50 per cent.

Councils have the power to grant relief of up to 100 per cent.

Latest Blog
Sara Paretsky Recalls a Childhood as the 'Town Giraffe' in Lawrence, Kansas
20/04/2017

As her new V I Warshawski novel, Fallout, is published, Sara Paretsky recalls her childhood in Lawrence, Kansas and how the town has provided the inspiration and setting for several of her novels, including Fallout.

Angie Thomas Introduces The Hate You Give
18/04/2017

Angie Thomas introduces her debut, a powerful YA novel inspired by the Black Lives Matter movement.

Read an Extract from The Beautiful Bureaucrat
13/04/2017

Read an Extract from The Beautiful Bureaucrat

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd