As SME Alliance is not a political organisation, except for the fact we lobby and talk to any party that will listen to us. So while most of the members share their feelings about banks to each other, we rarely talk about who we do or don't support in the upcoming election. However, a couple of days we circulated a letter sent from the Conservative party to members asking for their support. I make the point we would circulate any letter from other parties to SME Alliance as well. I don't know how many of our members replied to give their support or not. With the exception of Nigel Henderson who has written an extremely powerful and heartfelt letter which he has shared with us and which is published below.
4/20/2015 08:15:15 am
This is an extremely well written letter and I too would like to see some indication from our government as to how and when FAIR redress is going to to e made to the legions of SME's who have been robbed by the banks who we once trusted.
4/20/2015 09:47:03 am
Thanks Mark. It is a long and difficult struggle which I hope collectively we will see the positive conclusion of. I have tried repeatedly to generate a response to my letter but sadly it appears to have fallen on deaf ears. I think the only prospect of obtaining redress is through prosecution at the courts and only then will the politicians be exposed for being as useless as they are on this issue.
Miss S Old
4/20/2015 04:16:35 pm
how does anyone know whether or not you are right in your case against RBS- if politicians just backed one side or the other in private disputes then this would be unfair. Politicians should therefore stay out of the types of disputes.
4/21/2015 01:11:01 am
Miss S Old
4/21/2015 12:30:42 pm
Your points are fair but different to mine.
4/22/2015 01:17:47 pm
The problem is Miss S Old, politicians, whether deliberately or not, have backed one side - the bank's side. It is a well established fact that many banks have broken the law in various ways - money laundering, asset theft, Libor rigging etc etc. But it's also a fact that in almost every case, no one is held responsible and banks, or rather their shareholders, pay their way out of trouble with huge fines.
4/30/2015 03:47:59 pm
Sadly nothing in the party manifestos about prosecuting any of these banksters. On the Labour v SNP front though, each wants a Scottish Business Development Bank / British Investment Bank. Labour's also says "We will increase competition .... we want a market share test and at least two new challenger banks." The SNP have nothing like this.
5/3/2015 05:29:22 am
Has the magnitude of the depredations against SMEs been quantified? Might this be a factor in the lagging productivity experienced the last several years
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