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

<p>Some pretty shocking statistics surfaced recently from an enquiry by the UK’s Treasury Committee looking into access to finance.</p><br><p>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.</p><br><p> 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.</p><br><p>So is this a r...