Small Businesses

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 30th October 2008.

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Photo of Richard Spring Richard Spring Vice-Chair, Conservative Party 11:30 am, 30th October 2008

Is the Chancellor aware that some banks are changing small businesses' overdraft facilities to loan facilities, with an even higher rate of interest, at a time of difficult commercial problems for small businesses? When the Chancellor and the noble Lord Mandelson hold the meetings just mentioned, will the Chancellor bring to the attention of the bankers just how devastating the changes are to businesses' cash flow and chances of survival?

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