The BBC reports that the banks are wanting to see Woolworths be wound up, with the loss of 30,000 jobs, rather than allowing the company to be refinanced and taken over. This is apparently because the banks want to get their hands on the money sooner rather than later.
I though the government had loaned billions of pounds of tax payers money to banks in order to allow them to maintain loans to businesses and keep the economy running.
They ought to publish the names of the banks responsible for wanting to see 30,000 people lose their jobs and ask questions about how much support these banks have had from the government and tax payers.
Sadly, this is not a one off either . Radio Five had numerous calls on the subject of banks supporting businesses last week with a number of businesses people, even those running successful businesses with plenty of orders, saying that banks are withdrawing overdrafts and promised loans.