Posts tagged SME

SME support from British banks

Britain’s banks are insisting that they want provide SMS support (Small and Medium Enterprises) yet have been slow to make amends for the interest-rate swaps mis-selling scandal. The Financial Conduct Authority has revealed that only 10 SMEs have been compensated with some 30,000 more still awaiting resolution.

The banks should take a leaf out of the book of Prince Charles who recently said..

“It is important to recognise that SMEs form the bedrock of any sustainable economy and certainly of any local economy. This is often forgotten.”