Cable threatens profit tax on banks not lending to SMEs
Posted by Dan Martin PM | on Mon, 26/07/2010 - 16:53 1031
The government has proposed new measures to force UK banks to lend to small companies.
UK SMEs face a "very serious problem" when it comes to securing finance, said business secretary Vince Cable as he put forward proposals including a new tax on profits for banks which refuse to lend money to viable businesses.
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