Mervyn King writes to van man over loan refusal

Mike Benson, whose business is based in Bromsgrove, Worcestershire, wrote to King after his bank - Bank of Scotland - refused to grant him a £10k loan to go towards the cost of a new transit van. According to the BBC, who Benson contacted, King surprisingly responded in person, offering his understanding of the difficulties small businesses are facing. He reportedly wrote: "I was sorry to read of the difficulty you have had in trying to replace your transit van. "I can fully understand how maddening that, and the behaviour you describe from the banks you have spoken to, must have b...