Banking Quote by Ed Miliband
“One nation banking recognises that banks must not be isolated from the rest of the economy. Because banks and small businesses must succeed or fail together, banks must lend to small businesses so we can get the growth and jobs we need for the future. As things stand, that is not happening enough. Lending was down £10.8billion last year.”
About This Quote
Source Speech: Labour Party conference, UK, 2022
Banks should be closely linked to small businesses, as their fortunes rise and fall together, yet lending to them is currently insufficient
In simple terms: Banks and small firms need each other but lending is low
Key Takeaway
Boost small‑business lending to drive growth
Themes
economics
policy
finance
Mood
concerned
optimistic
Type
policy
analytical
When to use this quote
- Policy proposals
- banking regulation
- business development
Key Concepts
Financial interdependence
credit cycles
Questions to Reflect On
- What incentives could encourage banks to lend more?
- How can risk be managed while supporting small firms?
A Different Perspective
Lending may be constrained by risk assessments and capital rules
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