Banks and small firms 'getting on better'

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The Independent Online
Banks and small firms 'getting on better'

The Bank of England said yesterday that relations between banks and small firms had improved significantly since a bitter row two years ago over allegations that the banks were not passing on interest rate reductions to their small business customers. Small business organisations said late payments and excessive reliance on overdraft finance remained significant problems. They expect relations to deteriorate again if the economic slowdown continues.

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