Babylon
15th December 2008, 10:51
Text for the new edition was agreed on last Wednesday by small business representatives and the Department of Business, Enterprise and Regulatory Reform. The new Statement of Principles is published today on the BBA website (http://www.bba.org.uk/content/1/c6/01/50/76/Statement%20of%20Principles_FINAL%20spreads.pdf) and the presses roll on a print edition next week for distribution to bank branches.
The Statement of Principles offers firm commitments to businesses in difficulty on how the banks will undertake to help them. It emphasises the importance of openness and early collaboration. A frank discussion of the likely effects of the downturn, together with a realistic business plan, is essential to securing early support from your bank to protect it through the downturn.
http://www.bba.org.uk/content/1/c6/01/50/76/Statement%20of%20Principles_FINAL%20spreads.pdf
I would like to hear the views of the forum members.
The Statement of Principles offers firm commitments to businesses in difficulty on how the banks will undertake to help them. It emphasises the importance of openness and early collaboration. A frank discussion of the likely effects of the downturn, together with a realistic business plan, is essential to securing early support from your bank to protect it through the downturn.
http://www.bba.org.uk/content/1/c6/01/50/76/Statement%20of%20Principles_FINAL%20spreads.pdf
I would like to hear the views of the forum members.