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Farron pledges to help local business after mis-treatment by banks

March 6, 2014 1:56 PM

Tim and Jeremy Roe, Chairman of Bully-BanksLocal MP Tim Farron attended the Bully Banks campaign day in Westminster to show his support for local SMEs damaged by the misconduct of high street banks. He met with local businesses who are one of several hundred small business owners who attended the "Brolly-Day" campaign day and met with their MPs.

Bully-Banks is a campaign group of over 1,700 small businesses throughout the UK. It is currently campaigning on behalf of small businesses damaged by the mis-sale of Interest Rate Hedging Products, the mis-sale of fixed rate business loans, the mis-sale of Enterprise Finance Guarantees and the mis-sale of factoring services.

The purpose of the lobby day was to raise awareness for the ongoing problems with the interest rate swap mis-selling scandal and to encourage MPs to take action on behalf of businesses in their constituency. Tim is supporting all small businesses in the South Lakes damaged by the misconduct of their banks in their campaign to obtain appropriate financial redress, as well as Bully-Banks in its campaign to change the culture of all the high street banks so that such conduct does not occur in the future.

Tim said: "It is extremely worrying that hundreds of businesses continue to suffer due to a failing Financial Conduct Authority scheme. I will be writing to the Chancellor, asking him to demand that banks deliver full redress to the small businesses damaged by bank misconduct."