Urgent question on Clydesdale Bank’s treatment of SMEs

19 March 2019

SNP MP for Lanark and Hamilton East, Angela Crawley, asked the Government to make a statement on Clydesdale Bank’s treatment of SMEs.

The urgent question follows criticism of Clydesdale Bank for neglecting small-business owners by allegedly mis-selling loans.

Economic Secretary to the Treasury, John Glen, replied to the urgent question on behalf of the Government, telling the House:

"The Government has been consistently clear that where there has been inappropriate treatment of SMEs by their bank, it is vital that these businesses can resolve their disputes and obtain fair redress."

Angela Crawley raised the case of a constituent who was carrying out a hunger strike in protest at Clydesdale Bank's treatment of his business. She told the House:

"This tragic case brings to attention the vulnerability of UK businesses to the abusive treatment by lenders and vulture funds and the inadequacy of the current regulation in preventing it."

Follow the @HouseofCommons on Twitter for updates on the UK House of Commons Chamber.

Image: Billy McCrorie

Please fill in our quick feedback survey to help us improve our news content.

More news on: Economy and finance, Parliament, government and politics, Parliament, Financial services, Business, industry and consumers, Consumers, Small businesses, Loans, House of Commons news, Commons news

Share this page