The Federation of Small Businesses (FSB) has called on the government to take action in increasing the availability of business banking services.
Changes in the governance of the finance sector, announced in the Queen's Speech yesterday, must be translated into better business banking facilities for small firms rather than functioning as little more than "pure political rhetoric", Says FSB.
Representatives for the business organisation say the banking sector reform proposals laid out have the potential to help "the quarter of small businesses still struggling to access affordable finance", but such firms must not become victims of "pre-election rivalry".
The FSB, which has over 215,000 members, has also called for the Post Office Network to be turned into a Post Bank which offers support for small firms.
