With all the alleged cover-ups and alleged sleaze swirling around the Covid Loan Schemes, and with the British Business Bank soon to be under investigation over any “dealings” in the Greensill affair leaving a bad taste in the mouth, today I will be laying out another scandal that has been playing out for months, and no one seems to care. […]
It would make sense to allow banks to cherry pick their own customers if they were lending out their own money and taking on all risks when doing so. But let us not forget that Recovery Loans do have an 80% Government Guarantee, so taxpayers are backing them.
Once again, all on Rishi Sunak’s watch too, the British Business Bank are allowing yet another bank to do as they please with their Recovery Loan facility, and this time it is the turn of Santander to take the Mickey. […]
If you were given £1 for the number of Recovery Loans that HSBC have already rejected/declined, you would not need a Recovery Loan. This is yet more shame on Rishi and that ridiculous scheme that is not suited to small or average sized SMEs. […]
I have yet to hear of anyone approved for and paid out a Recovery Loan, which speaks volumes at just how successful that scheme will be at helping SMEs recover. But once you discover the underhand tactics that Barclays are using to put off or decline those applying all will become clear, with the approval I must add of the British Business Bank. […]
This news update may be helpful to those of you who may have been declined a Bounce Back Loan due to the failure of the British Business Bank, to, in my opinion, play fair and be open and honest to people, as there is still time to get that decline overturned if you were caught up in the scandal I will reveal below. […]
MPs from all sides have a lot to answer for, as their behaviour in the House of Commons the other day, has brought the entire Government’s Covid Loan Schemes in total disrepute, the General Public […]
Some good news to report, my publication of the FOI Request reply from the British Business Bank giving their devastating and dire warnings into the dangers of publishing the names/details of all businesses who got a Bounce Bank Loan or CBILS/CLBILS has caused something of a kerfuffle, and it is being urgently addressed. […]
Some light reading for those of you who want some background on Subsidy Control. This is an overview from the Rt Hon Kwasi Kwarteng MP Secretary of State for BEIS outlining the consultation period which came to an end on March 31st 2021. […]
Bumbling Paul Scully, the somewhat unkempt buffoon from the Department for Business, Energy & Industrial Strategy still cannot tell you if your business details and possibly your personal details will be splattered all over an EU website.
But he appears very eager that they should be published on a new UK Transparency Database website, despite a dire warning from the British Business Bank that to do so will destroy many business, undermine confidence in banks and may put off those wanting to access the BBB schemes in future, and may even negatively affect the share price of companies. […]