Speaking in the City of London yesterday Business Secretary Vince Cable said the UK's banks were "imperilling" the nation’s economic recovery through failing to meet lending targets to small and medium sized firms.
Dr Cable’s criticism of banking behaviours in the UK followed hard on the heels of Ed Miliband’s public indictment of bank lending for growth at EEF’s National Manufacturing Conference in London on Tuesday. Cable’s fresh attack yesterday, in his annual speech at the Lord Mayor of London’s trade and industry banquet, echoed Miliband’s references to poor…
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