It is doubtful that the banking community will vote for the Liberal Democrats because their election campaigning includes the attacks on the major high street banks of the UK and claims about their obligation to offer business loans to SMBs once again.

The lack of support of SMBs from the partly nationalized banks has triggered a strong negative reaction from Liberal Democrats. They have declared that the majority of these banks are failing to fulfill their obligations as to providing successful SMB’s with competitive loans, in spite of getting enormous bail outs from the Government for this purpose.

During the election campaign trail in Scotland, the Liberal Democrats Dems denounced banks for not supporting small businesses and the Government for turning a blind eye to the banks to help the UK economy recuperate from financial crisis by offering business loans where they are needed.

Nicol Stephen, one of the Lib Dems said that the Government was deliberately ignoring the failure of nationalized high street banks to make a single appearance in the list of best competitive deals offered to small businesses, despite rescuing them in an emergency through huge loans.

She added that provided the Lib Dems get into power next time, they would nevessarily take efficient measures to make the partly nationalized banks meet their obligations with regard to offering business loans at competitive rates, thus helping the UK economy recover.

Moreover, she continued that Lib Dems would force Government-supported banks like RBS and HBoS to start offering loans to businesses at competitive rates and if they don’t, the board of directors of these banks would be fired. A great number of profitable businesses need money right away and it would be beneficial for the whole UK economy if they get it.


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