Govt urged to re-think £500bn bail-out - papers 1 Dec

According to The Telegraph, concern is growing for the future of the UK's 4.7m small businesses, which in total employ 13m people, as revenues fall and available credit plunges amid the financial crisis. Banks have faced criticism from Government and industry representatives about the stringent credit terms and lack of support they are providing for businesses. However, Michael Fallon, who is also the Conservative MP for Sevenoaks, said yesterday that the terms of last month's £500bn bank bail-out scheme encourage banks to prioritise paying back the Government rather than lending to sma...