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The Competition and Markets Authority (CMA) has today called on banks to provide better deals for their customers and to address “long-term problems” with small and medium business banking.
Small northern businesses are suffering twice as many overdraft cuts as London firms, with 55 per cent of Northern SMEs seeing their overdrafts cut or entirely withdrawn over the past two years, according to new research.
"Northern Powerhouse" is growing much slower than London economy with banks more reluctant to fund small firms in North West and North East