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Other banks must follow RBS' lead on lending to small businesses

November 24, 2008 12:00 AM

Commenting on today's pledge by RBS to guarantee overdraft rates and contracts for its business customers for at least a year, Liberal Democrat Shadow Business Secretary, John Thurso said:

"Today's announcement will come as welcome relief for RBS' small business customers who are struggling to cope with the worsening recession."

"The Government must now ensure that the other part-nationalised banks make similar pledges to their customers to ensure that the current recession does not become a deep slump."

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