Proceeding contribution from Margot James (Conservative) in the House of Commons on Tuesday, 7 February 2012. It occurred during Opposition day on Banking (Responsibility and Reform).
Banking (Responsibility and Reform)
The issue of lending to small and medium-sized businesses is much more complex than the hon. Member for Streatham (Mr Umunna) suggested. Some months ago I spent a day at Barclays SME sector lending centre in Birmingham. It is clear that many small businesses are focusing on paying down their existing debts, building up reserves, and using their existing overdraft facilities at around the 50% mark. Does my hon. Friend not agree that that is one of the causes of the problem?
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c195
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Banks Credit Incentives Pay Managers Loans Small businesses Regulation Reform Bank levy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:14:52 +0000
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