Lending to Small Businesses

Part of Oral Answers to Questions — Treasury – in the House of Commons on 9th April 2019.

Alert me about debates like this

Photo of Kevin Hollinrake Kevin Hollinrake Conservative, Thirsk and Malton

High street banks are regulated, but the loans they provide to SMEs are not. There is not even a requirement to treat such a customer fairly and reasonably. In the absence of regulation, should there be a clearer warning about the lack of protection if things go wrong?