The Federation of Small Business says that more competition will be needed in the banking sector if the economy is to avoid a double-dip recession.
The Government must encourage more competition in the banking sector if the UK is to fully recover from recession said the Federation of Small Businesses (FSB) in its response to the consultation ‘Financing a private sector recovery’, which closed today. A decade ago, the Cruickshank Report found that the four main UK banks held 83%…
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