Home » Quote of the day “The backbone of all these economies are SMEs and they need money now. I don’t think politicians are aware of the magnitude of this.”

Quote of the day “The backbone of all these economies are SMEs and they need money now. I don’t think politicians are aware of the magnitude of this.”

Spot on. Our politicians are failing us. This is from the CEO of a Swiss computer hardware support company, with subsidiaries across Europe including in Ilkley North Yorkshire, UK where they have 80 employees , quoted in the Financial Times: https://www.ft.com/content/9ab135d3-f85e-4ca8-9bb4-0e487e134b10 , lamenting the poor response of German, French, UK and other governments to the plight of small business

Apologies, but you may need a subscription to read. The point is thought that the Swiss have got cash to businesses in days, other countries e.g. France and Germany applications are pouring in but processing is slow and (my personal impression, not in the article) the UK is bottom of the league, with loan applications being widely rejected because of lack of clarity on the government schemes