Speaking in a debate on the Small Business, Enterprise and Employment Bill, Brooks Newmark calls for banks to help small businesses by loosening up their working capital facilities.
Mr Brooks Newmark (Braintree) (Con): I totally hear what the hon. Gentleman is saying, and I agree that small businesses are the backbone of this country. Does he agree that the banks also have a role to play in loosening up their working capital facilities to help small businesses? That, too, is a challenge that small businesses face.
Gordon Banks: I am grateful to the hon. Gentleman for making that valid point. I shall come to that matter later in my speech when I talk about the changes that have happened over recent years, and perhaps decades, and try to illustrate why prompt payment has become so important.