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Jones warns banks: Back London’s SMEs or lose City Hall’s business

December 7, 2011 by Martin Hoscik

Jones wants banks to increase lending to SMEs
London’s public services should only deal with banks which support the capital’s small businesses, Green Party Mayoral candidate Jenny Jones has said.

Current Mayor Boris Johnson has previously described the capital as “the engine room” of the economy.

Expanding on the Mayor’s soundbite, Jones said: “If London is the engine room of the UK’s economy, it is our city’s small businesses that provide the fuel for our nation’s economic recovery.”

Jones said if elected next May, she would ensure City Hall and the Greater London Authority Group – which includes Transport for London and the Fire Brigade – only dealt with banks “that could demonstrate they were lending to London’s small businesses.”

She also branded her opponent ‘the Bankers’ Mayor’ over his sponsorship deal with Barclays and support for abolishing the 50p tax on higher earners.

Her remarks come ahead of a speech to the Federation of Small Businesses on Thursday evening.

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Filed Under: 2012 London Elections, News Tagged With: 2012 London Election

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