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Monday, 2 December 2013

British Business Bank injected with millions more!

The British government has pumped another £250 million into the British Business Bank. As the economy recovers, and more businesses enter the market, the government must control them. To make these new entries as safe and as prosperous as possible the government is pumping another £250 million, on top of the £1 billion that was put in earlier, to help another large sum of businesses survive in the market, before establishing their position. Over the last week, the Royal Bank of Scotland has suffered problems, with reports claiming that they are biased, and are not treating their businesses with the decency they deserve. The British government is carefully manoeuvring this, and are devoting more attention to the smaller business. Reports claim that these investments by the government will aid thousand of small to medium sized businesses.
http://www.gavinwillis.co.uk/
"Small businesses are working hard to fuel our recovery and help us build a stronger economy. "I am determined that we do all we can to help companies that have struggled to get the investment they need – investment that means they can employ those extra people, take on that new order, and buy new equipment." Said Deputy Prime Minister Nick Clegg - In a statement when the sum was finalised. 
This sum of money is another one, on top of a £1 billion dollar investment last year. The government has taken some good steps, let's see if this will work!
Source(s):
http://www.theguardian.com/business/2013/dec/02/british-business-bank-small-firms

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