Thu 30 October 2008, The Daily Telegraph

Bullying banks must not prey on small firms while they are vulnerable

The reality of a recession is that Britain will lose some of its 4.7m businesses. We will see familiar high street names, independent shops and family businesses all disappear. With each business failure there will be a business owner with a personal tragedy: life savings lost; years of hard work up in smoke; confidence shattered. The individual stories will be painful but normal. With credit drying up, consumer spending waning and global economic growth slowing, there is less business to do. And so there will be fewer businesses.
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