http://www.ft.com/cms/s/0/14a1ec8c-1cc4-11e4-88c3-00144feabdc0.html#ixzz39uXmlGpI
By Sam Fleming
Banks that reject loan applications from small and medium-sized companies will be forced to refer them online to other sources of funding. George Osborne, the chancellor, will on Wednesday confirm plans to legislate to improve SME access to finance as part of a series of measures that aim to encourage choice and competition in financial services.
The move comes as Britain struggles to boost competition in the banking sector: the four biggest banks control 85 per cent business […]
Recent Comments