Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges: Labour wants to establish regional banks

Labour will establish regional banks in order to boost lending to small and medium-sized enterprises (SMEs) if it wins the next election.

Ed Miliband, leader of the Labour Party, is due to say at the British Chambers of Commerce annual conference that establishing a network of regional banks will help local SMEs to gain access to finance. This idea is based on a banking model seen in Germany called Sparkassen, where banks can only lend to businesses local to them.

Major banks had been encouraged by the current government to lend to SMEs and homeowners at cheaper rates as it invested money in them under the Funding for Lending Scheme (FLS). However, it was found that lending from banks decreased by £2.4 billion in the final quarter of 2012.

The government hopes to see growth from SMEs in order to improve the domestic economy. However, SMEs have said that they are often held back as it is difficult for them to gain access to finance.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801556581-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide