‘Constituents want to have cases heard in an independent forum’

MPS HAVE spoken about the gap that exists for constituents who want to have their cases heard in a forum that is independent, fair, accessible and affordable, the APPG said.

The APPG is calling for judgments to be made by individuals with the knowledge and capability to adjudicate on complex business banking disputes.

The APPG said: “The current proposals on the table categorically do not fill this gap.”

The Republic of Ireland regulated its commercial lending in 2015, the APPG said. Research indicates that new SME lending in Ireland increased by more than 51 per cent from the end of 2014 to the start of 2018, the APPG added.

A Treasury spokesperson said: “Our response to the Select Committee speaks for itself.”