Now that Stg 200bn has been issued to the Bank of England, I would like to know where it's helping the economy and the small and medium sized business.
Barclays will lend small companies money IF they have 50% themselves AND they put up collateral of a personal nature. This seems like a personla loan to me.
Why is it that the tax payer owns most of the banks and yet, they stitch us up for fees, overdraft and borrowing?
Can the government not force them to use the money more efficiently to smaller businesses.
Why can't they penalize a bank for not lending good causes.
Persoanlly I contacted Barclays and got the above answer and yet my company is solvent and a good track record.
Stg 200bn I think will go mainly in bonuses somewhere!
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