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10th September 2019
The UK government and banking industry announce the launch of a new Business Finance Council to support SMEs through Brexit
The UK government and banking industry has announced the launch of a new Business Finance Council to support SMEs through Brexit. The initiative will be co-chaired by Business Secretary Andrea Leadsom and Economic Secretary to the Treasury John Glen and will feature senior representatives from the UK’s banks.
Supporting the announcement, Stephen Jones, ceo of UK Finance, comments “The banking and finance industry is focused on helping to minimise potential disruption to clients and customers in the event of a no-deal exit from the EU. An important part of this activity has been, and continues to be, working to support the preparedness of businesses right across the UK.
Our members have confirmed their commitment and capacity to support viable businesses with their cashflow needs. We would encourage all SMEs to talk to their finance providers now about how they can prepare for the UK’s departure from the EU.”