Jeff Smith

Standing up for south Manchester

"These businesses needed, expected, and deserved RBS's support" - Jeff's speech on RBS Global Restructuring Group

Raising the case of constituent Anthony Molyneux in a speech in parliament on the treatment of SMEs by Royal Bank of Scotland's Global Restructuring Group, Jeff said:

"Mr Molyneux’s experience is one of the thousands of cases in which RBS has put its profits before small businesses that needed, expected and deserved its support to turn their businesses around. 

It is clear from this debate that my constituent’s experience is one of many examples in which SMEs have been the victims of a banking sector that is focused solely on profit, not on supporting its customers or our wider economy.

I want to add my voice to that of those calling for a proper inquiry into the scandal, and a proper tribunal system for dealing with SMEs that are in difficulty."

You can read Jeff's full speech here, and find more information about RBS Global Restructuring Group here.

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