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Government 'must encourage lending to company debt advice customers'

Date Added: 16/11/2010  

The government has been told that it needs to come up with a way to get banks lending to small businesses such as those taking company debt advice.

Justin Cooke, chair of the British Interactive Media Association and chief executive officer of design agency Fortune Cookie, stated that companies are finally starting to regain confidence after the recession.

He explained that they have been "bullish" and have responded "brilliantly" to the testing financial environment over the course of the last few years.

But he added that small to medium-sized enterprises (SMEs), including company debt advice customers, need help to push forward.

"The government needs to encourage banks to lend money to SMEs and look at new ways that we can promote international trade and international investment in the UK," he said.

Mr Cooke was commenting after the latest BDO Optimism Index found that output is at its lowest point for 16 months, while recent GDP figures show that it increased by 0.8 per cent during the third quarter of 2010.

Posted by Michael Beam 

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