Chat Biz 010 - Business Banking

It is difficult to envisage a business in the UK that does not use the services of a bank, most of whom will be the high street names. Names have been dragged through the mud after being so badly hit by scandals over the past few years. Peter Martin of Fowler de Pledge talks to Karon about the problems faced by small and micro business who have been affected by Interest Rate Swap Agreements (“IRSAs”) and what they should do next, the danger of the Interest Loan Guarantee scheme as implemented by some banks, and alternative options for the small an micro business to raise money.