| Original Message Added : 19 Jun 2012 It is a farce that banks are lending to small businesses. The fact is that they are only lending to established businesses who can prove that they have sufficient turn-over with the ability to repay the loan they are borrowing from the bank.
The Government has given GBP £ 8 billion to banks to issue loans to small business in UK so that they could avoid lay-offs and closing of their businesses. Instead this money is being given out to such established companies, who claim to be short of funds and are posing or propagating that they might close down due to recession. The fact is that these established firms are making hay while the sun shines and extracting more and more money from the system by getting more loans from the banks and investing elsewhere, thus increasing their already soaring profits.
The small businesses of UK, who are really hit by the recession, are always unable to fulfil the loan conditions of the high street banks, thus being unable to benefit from the funds pumped in the UK economy by the Treasury. Hence these small businesses will never ever be able to benefit from the measures taken by British Government. As always, small businesses have always been denied financial support by the UK banks and would continue to suffer at the hands of those bureaucrats, who always succeed in manipulating the system to the benefit of their masters, who are rich and wealthy.
A question to ponder - Why do banks give out loans to such companies which are always able to show a good turn-over and prove their ability to repay loans by showing profit-yielding rich balance sheets? Why do these banks not consider those struggling businesses for such loans which if supported financially will be able to make their both ends meet and create new jobs for the jobless people of British society?
The fact is - Money begets money. The Rich are becoming richer and the poor are being wiped out from the face of the Earth.
| |
SEARCH
POST A REPLY
0)