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The banking reform Bill will be a missed opportunity if it does not support community banking

The second reading of the Financial Services (Banking Reform) Bill is today. This is the main debate on the principle of the Bill. It was previously provisionally scheduled for last Monday. I have found myself assigned to statutory instrument committees on both occasions, potentially preventing me from speaking in the debate. I was notified of today’s duty late on Friday, too late to find a substitute. Of course I am disappointed this means I probably won’t be able to make […]

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Tonight: Bank of Dave is back

Dave Fishwick is a remarkable man. A self-made entrepreneur, he knows good business builds up society. So when he realised the banks were failing both savers and productive businesses, he set up Burnley Savings and Loans as a step towards a “tiny, tiny bank”. Dave personally guarantees customers’ savings out of his own assets. He provides a 5% return. He makes productive loans to local businesses he gets to know personally. But the Establishment doesn’t know how, perhaps whether, to […]

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