By Alan Wright
Banks that refuse to increase their lending to help small businesses with cash flow could see their profits and bonuses taxed by an angry government.

It is estimated at least £50 billion of new money could be generated by the high street banks if they cut back on dividends to shareholders and limited bonuses for bosses.

UK Business Secretary Vince Cable has accused the banks of turning a deaf ear to the cries of small and medium sized firms who claim they are finding it hard to access finance despite the insistence of the banks that they were meeting 80 per cent of requests.

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Ensure you - and where appropriate your clients - will not be among the thousands of UK companies that could well end up handing the government a windfall of more than £230 million in penalties if they fail to comply with the new Carbon Reduction legislation.

Recent surveys indicate that around sixty-six per cent of the thousands of businesses which will be affected by new regulations are unaware of their responsibilities - and the possible repercussions on their cash flow.

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