Chuka Umunna MP comments on BBA report
Chuka Umunna, Labour’s Shadow Minister for Small Business & Enterprise, commenting on the British Bankers’ Association (BBA) report on High Street Banking released today, said:
“It’s very worrying that net lending to non-financial companies fell by £2.5bn in June because those businesses need access to finance to help with cash flow and to grow, helping get the deficit down through growth and jobs.
“The most striking aspect of the report is the BBA’s finding that businesses are putting off expansion and business investment plans due to uncertainty in the economic outlook, which the government is putting at risk by cutting too far and too fast, choking off recovery.”
