Small firms and Scottish clearing banks

Cowling, Marc and Samuels, John and Sugden, Roger (1991) Small firms and Scottish clearing banks. Quarterly Economic Commentary, 17 (2). pp. 64-69. ISSN 0306-7866

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Concern about the relationship between small firms and clearing banks has resurfaced periodically over many years. In 1991 it has again been prominent, receiving considerable media attention. There is no doubt that the issues raised by the relationship are potentially very significant for the future development of the Scottish economy and accordingly warrant detailed and careful consideration. With this sort of thing in mind, in July 1991 the Association of British Chambers of Commerce commissioned our survey of small firms in Southern England, the English Midlands and Scotland. We posted a questionnaire to 1500 Chambers of Commerce members. This paper examines the 73 responses from small firm customers of Scottish clearing banks. These responses are discussed in Section 3. Section 2 provides background information by briefly noting major issues of concern (1).