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19 December 2012
The UK must learn from Germany and the US in terms of cultivating different models of business finance, Danny Alexander has told businesses up and down the country.
“In the US and Germany there is a much more diverse range of sources of finance, which helps them have a more diverse ecology of funding services”, the Chief Secretary to the Treasury said during a live Connex teleconference with the business community less than 24 hours after the Autumn Statement.
The minister was addressing the need for increased competition with high street banks, in the supply of finance to small and medium sized companies.
The full report from the teleconference, summarising Alexander’s phone-in with businesses, is now available for purchase from the Dods shop.
Including findings from polling which was conducted during the conference, the report presents the Treasury’s views on banking reform and access to finance, infrastructure spending and supporting SMEs.
To purchase the report for £39, click here.