October 26, 2011

Abolition of unfair dismissal laws called ‘madness’

by Jan Harris

A plan to abolish unfair dismissal laws has been called madness by Liberal Democrat MP Norman Lamb, who is also a parliamentary aide to Nick Clegg. The controversial suggestion, devised by David Cameron’s chief strategist Steve Hilton, was aimed at freeing up business and boosting economic growth. However, business secretary Vince Cable said it was […]

September 16, 2011

Vince Cable supports fresh round of QE

by Kay Mitchell

Business Secretary Vince Cable has today said the Bank of England should consider a fresh round of quantitative easing (QE) to stimulate the economy. A recent slew of weak data has also led some analysts to believe that the central bank will consider further QE – also known as printing money. In a pamphlet published […]

May 23, 2011

Banks fail to meet SME lending targets

by Jan Harris

Under ‘Project Merlin’ the UK’s four largest banks – HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group – together with Santander, agreed to make £76bn of credit available to smaller businesses in 2011, 15% more than was lent to SMEs in 2010. However the banks failed to keep this promise in the first […]