Small Businesses: Finance — Question

Part of the debate – in the House of Lords at 11:21 am on 26th January 2012.

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Photo of Lord Martin of Springburn Lord Martin of Springburn Crossbench 11:21 am, 26th January 2012

My Lords, it is deeply worrying when stories come from self-employed businesspeople running small companies-sometimes one-man companies-that the banks give verbal assurances that they will give them finance, but several weeks later when they come to sign up the banks withdraw the assurances? That is cruel and hard, and I hope that the Government will be able to do something about it.