In February, a reception was held at the House of Commons to celebrate the publication of the All-Party Parliamentary Group (“<span class="news-text_medium">APPG</span>”) <a href="https://www.appgbanking.org.uk/wp-content/uploads/2024/02/De-Banking-Report-2024-240216.pdf" target="_blank" class="news-text_link">Report</a> on Fair Business Banking and de-banking in the UK, which was produced with the support of <a href="https://www.linkedin.com/company/humphrieskerstetter/" target="_blank" class="news-text_link">Humphries Kerstetter LLP</a>.
The APPG, a cross-party group comprising members from the House of Commons and the House of Lords, aims to present policy recommendations to the Government that encourage a finance system which allows enterprises to flourish and businesses to thrive. Serving as a forum for small and medium enterprises (“<span class="news-text_medium">SME</span>”) community and the financial services industry, the Group advocates for long-term reforms in their best interests.
During the event, Lord Attlee, a member of the House of Lords and the grandson of Labour Prime Minister Clement Attlee, provided insightful examples of how the banking industry falls short in serving its business customers.
The APPG's policy recommendations aim to strengthen the financial system and promote fair business banking. Of particular interest is the report on de-banking, which addresses unjust actions taken by banks to terminate or deny services. This report is useful to professionals who encounter unreasonable obstacles in their work with banks.
Find the report <a href="https://www.appgbanking.org.uk/wp-content/uploads/2024/02/De-Banking-Report-2024-240216.pdf" target="_blank" class="news-text_link">here</a>. Read more about the APPG's work <a href="https://www.appgbanking.org.uk/" target="_blank" class="news-text_link">here</a>.
