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UK SMEs Hit by ‘Debanking’ and Poor Value from Major Banks

Maria avatar
Shared by Maria • April 26, 2024

Currently, many SMEs in the UK are experiencing issues because of ‘debanking’. This means that their business accounts are being closed, they are receiving substandard services from the country’s leading banks, and their current and savings accounts have lower interest rates. Let’s analyse why this is the case and how smaller firms could benefit more in financial matters.