Shadow Minister of Trade meets Stroud Business Members

Share this article

Cotswold MP, Geoffrey Clifton-Brown, the Shadow Minister of Trade, had a meeting with over 40 local businessmen and businesswomen to discuss the current economic situation and the effect it was having on businesses. A number of issues were discussed, with particular consideration given to the role of the banks. The meeting was organised by Neil Carmichael the Prospective Conservative Parliamentary Candidate for Stroud.

Speaking about the event Mr Clifton-Brown said, “The shadow DBERR (Department for Business and Enterprise) team are beginning to receive a number of worrying reports that the banks are withdrawing their support for small businesses. They are making the cost of borrowing more expensive through hidden charges such as arrangement fees. I hope that they will pass on all reductions in base rate in the future.”

Mr Clifton-Brown continued, “If the taxpayer is providing liquidity for the banks the least they could do in return is to support small business fairly, so that they are able to emerge from the other side of the looming recession”

A variety of issues and concerns were discussed during the meeting, which resulted in a number of very constructive ideas and suggestions being put forward.

Left: Geoffrey Clifton-Brown, MP for the Cotswold, Second Right: Neil Carmichael, the Prospective Conservative Parliamentary Candidate for Stroud with leading business members of Stroud.

Source: Geoffrey Clifton-Brown MP (Cotswold)

Similar Articles

Don't Miss

OLED material manufacturing firm to create 100 jobs in Shannon

100 new high-tech jobs are to be created in Shannon. OLED Material Manufacturing and PPG announced a multi-million euro capital investment at its Co Clare plant.

Federal construction contractor creates 40+ new high-wage jobs

Federal construction and engineering contractor Conti Federal Services chose Orlando as its new headquarters, which is now located in the Central Florida Research Park, which is the sixth largest research park in the United States in the next four years. These positions will pay about 150% of the median salary in Orange County. The company moved its headquarters from New Jersey and is currently hiring for positions in central Florida.

Furlough numbers fall by another 590,000 despite support from the UK government

Furlough numbers declined by 590,000 last month, yet the government continues to support 1.9 million jobs. With the next level of the scheme's support being withdrawn this weekend, the decline in earnings being insured by the scheme became apparent.