£4billion, just another ‘Darling Promise’?

The European Investment Bank could(!) make £4bn available to help small business in the UK. – and hat is the good news.

The bad news is that this money will disappear down the same black hole as all the other billions of taxpayers money – the High Street banks. As we all know from the media, the housing market is still being squeezed. Banks behaving unethical to the point of criminal, IMO, when they repossess homes after one month of default or a credit card debts of £1000 as was reported in the press the other day.

When will people realize that this mess is the fault of the High Street banks and the government. Small business and the taxpayers are suffering and paying the price for the creed of these people. At least some bankers have been sacked, when will Brown go, he presided over this mess. I have been told some people actually believe Brown/Darling are doing a good job – we are doomed. Enough people have been warning him and others for years about the level of debts. I’m sorry to say that the mainstream media is failing the public once again, by not hounding the government for these failings.

I do about two hours of customer care each day, and it has never been so depressing as it is at the moment, when you have to listen to clients who are close to tears and telling you stories of cancelled overdrafts, called in loans and then when they want to speak with anyone at the bank, nobody has even the decency to take their calls. These are the people who are going to help small business?

I always knew it – “Cows can really fly!” — ST

One Response to “ £4billion, just another ‘Darling Promise’? ”

1. Adrian Cameron
   
   Said on November 5th, 2008 at 11:05 am

   Stefan,

   We are a not for profit business advice centre and guess what people are still keen to start-up business!! There is some good news out there.

   You are absolutely right though that the banks are probably the worst people to manage small business finance since they can’t handle their own!

   The money needs to come to organisations like ourselves who work with business on a 1:1 basis, look at the finances, look at the marketing, look at the individuals driving the whole thing and give direction.

   Ultimately if a business is just trying to replace an ongoing trading loss with a short-term cash injection they are not going to survive. The problem with the banks in general is that they are not great at giving direction, support and useful insight. Given the parlous state of their own finances, how many hours can they actually dedicate to the intensive support businesses need. Have you seen the latest crop of bank business advisors, young telesales exec’s focused on targets, targets and more targets.

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