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Importance of business debt advice customers hailed

Date Added: 25/02/2011  

Business debt advice customers and other small to medium-sized enterprises (SMEs) could be vital to the UK economy, the government has stated.

Britain is collaborating with Italy and Belgium to shine the spotlight on issues that affect smaller companies at European level.

The three nations are lobbying the European Commission to stage a forum for small business ministers from across the continent so they can share best practice and work together to improve conditions for SMEs.

Mark Prisk, the UK's business and enterprise minister, said this could help to "unleash entrepreneurial talent and small business growth".

He stated that the efforts of Britain, Italy and Belgium send a "strong message" that an "SME-friendly business environment" is needed in Europe.

Mr Prisk added that smaller companies be able to "realise their ambitions, without being stifled by unnecessary rules and regulations".

This comes after the Manufacturing Institute warned that banks in the UK are taking much longer to process cheques than their counterparts in other European countries.

Posted by Miles Pritchard  

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