Britain needs a financial system that inspires confidence to be the best place to start and grow a business.
The issue of SME banking disputes remains a critical issue for business. If we are to continue to rebuild trust between SMEs and the banks that serve them, we need solutions that not only deal with the legacy of the past but also are capable of facing the challenges of tomorrow.
What are SME banking disputes?
There have been a number of issues regarding SME banking, including high-profile cases where banks have accepted shortcoming and apologised in terms of their service to small and medium sized businesses. The CBI recognises the work undertaken by the FCA and UK Finance on this critical issue over the last two years. CBI members, including the CBI’s Sem Council, comprising of 50 leading SMEs from across the UK, broadly support the proposals put forward by the FCA, to ensure more small businesses can access vital support and advice when they need it most.
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