New credit complaints procedure for SMEs
Small business are to be given a new credit adjudication service to which it
can complain about being refused loans.
The chancellor said it would have legal powers to enforce lending. Alistair
Darling announced that the Royal Bank of Scotland and Lloyds would be lending
£94bn in the coming year. In the last 12 months they have lent £38bn. Half the
new sum will go to SMEs
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