G20 must help banks lend again

Lawrence is the CEO of £4m-turnover Information Arts. The B2B marketing company was set up in 2000 and currently employs nearly 40 people. Lawrence says: “There are many, many small businesses out there that are making profit but struggling with cash flow issues and getting absolutely no support from the banks; banks that were encouraging them to borrow this time last year.

“The banks are now walking away and washing their hands of small businesses, despite the billions of pounds worth of public money provided to shore them up after their own catastrophic decisions. Without support many small businesses will go to the wall.”

A dinner will be held tonight for the G20 heads of state in London ahead of tomorrow’s summit

Real Business is following the G20 on Twitter with Aljazeera English.Picture source

Share this story

Close
Menu
Send this to a friend