Forgive me if you have already recieved this months email
Im re-sending this months email update as at some point when first sending it out the website server went down I not sure how many emails actually went out. If you have already recieved this mail please forgive me filling your in box again, if you've not recieved I hope you enjoy it.
We need to Build an Economy That Works For Working People
It was pleasing to hear that reform of the banks will be an important part of our plans to build an economy that works for everyone and an economic recovery that lasts.
It’s disappointing that after promising so much on banking reform the Government has dragged its feet on reform. At nearly every stage it is only embarrassing u-turns and defeats in Parliament with regard to banking legislation that has made the Government act. While these u-turns are welcome, it’s not the way to run a Government.
We need a tougher regime for the banks and I welcome the proposals coming from Ed Miliband that a proper code of conduct for senior bankers must be adopted.
With families and businesses facing a cost of living crisis, they need a banking system that is on their side. Small businesses are struggling to access the finance they need to grow, yet it seems to be business as usual for the banks.
The Government seems determined to cling on to the old economy in a global race to the bottom. If we’re serious about winning the race to the top with countries like China and India, then we need to build a new economy – one that allows us to earn our way out of the problems the country faces. That means dealing with Britain’s broken markets, one of which is our banking system.
Britain’s banking system is dominated by just four banks that control 85 per cent of small business lending. This lack of competition is a root cause of poor service, a breakdown of trust and a massive drop of £56 billion in lending to business since May 2010.
Part of the reason we rely too much on low paid, insecure work is that the small firms that could create the good, high paying jobs of the future can’t get the finance they need to grow. We need to support small and medium sized enterprises so they can grow our economy for the future and that means creating a more competitive banking system that works for those it serves.
That’s why I think a legal limit to ensure no bank can get too big is a good idea and one that will help improve competition in the market. Lending to small businesses needs to be increased, the service to all customers needs to be better and we need new banks which will work for the communities they serve.
Reforms like this will give small businesses a better chance of getting the support they need to grow, employ more people at decent wage levels and help Britain earn its way to a better standard of living.
Getting the chair treatment at new dentist’s surgery
Recently I officially opened a new NHS Dental surgery costing £150,000.
There has been a dental practice in Loundside since about 1948 and over the decades it has evolved to become one of the most modern NHS Dental Practices in the country. This latest surgery addition will not only improve street level access but also provide a much needed space for training newly qualified NHS Dentists.
The new HDS Dental Care surgery looks great and it will help to meet NHS patient capacity in our region as well as continuing to improve what is a high quality NHS dental service for Chapeltown.
|