E80: De-banked SMEs: How 140,000 small businesses ended up on a banking blacklist

Some pretty shocking statistics surfaced recently from an enquiry by the UK's Treasury Committee looking into access to finance. Obtaining data from eight UK banks - the committee found that more than 140,000 accounts held by small and medium-sized enterprises (SMEs) were forcibly closed in the past year. Following hot on the heels of the Nigel Farage Coutts drama – as well as the country's recent dip into a recession – these figures raise concerns about how the backbone of the UK economy is being served by the banking industry. So is this a real issue? Or a storm in a teacup? In the latest episode of The Laundry – our expert host, Marit Rødevand , is joined by James Nurse , Managing Director of Fintrail, and Neil Donovan , Senior Associate at Ashurst , The panel discuss: W