The Business Secretary Vince Cable has demanded that banks are more transparent in terms of providing finance to SMEs.
Mr Cable said that if banks did not publish figures showing how much they were lending to SMEs, and if they were meeting set targets set out by the government, the banks face new taxes on profits, bonuses and balance sheets. The deal, known as Project Merlin, lasts for one year. Cable told the House…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
