Category Archives: Political party

Mark Carney says #nooneisabovethelaw now we need to work on #whocanaffordthelaw?

On 24th September 30 people travelled from all over the Country to attend the first meeting of SMEalliance in the Old Council Chamber at the Law Society. It could have been double that number but, having asked our hosts, Rustem Guardian, for a room for 12 people, then 25 people, then 30 people, I felt it would have been rather rude to continually increase the numbers!  All the same we ended up with about 35 people. Rustem Guardian did us proud and we are enormously grateful to them for giving us such a fitting venue for our first meeting.

I say fitting because one of the key phrases that came out of the meeting was this:

“no one is above the law.”

Of course most people at the meeting were brought together because, as SME owners are very well aware, some people do seem to be above the law – which is, in part, the reason why so many SMEs are struggling and continue to be abused and especially (but by no means exclusively) by the financial sector. But the reality is  – and we need to remember it – in a working democracy, no one is above the law.

I raised this subject at the meeting because of a letter Paul and I received, dated 1st September 2014,  (1 day before SMEalliance was born) on behalf of Mark Carney, Governor of the Bank of England. We wrote to Mr Carney on 31st July 2014 and that is our first letter to him although we were in regular contact with Lord King from 2010 and he always replied, usually in person and with his private seal. Mervyn King (as he was in 2010) had asked to be kept fully informed of the progress of investigations into HBOS (ongoing) and I don’t make the point to infer we are buddies of Lord King’s,  I make it because by writing to him and getting replies, we were sure the BoE had critical information about malpractice in HBOS. So we were keen to make sure Mark Carney was similarly well informed. I can’t publish most of our letter or the reply for reasons of sub judice but I can publish this point we raised with the Governor:

Mr Carney, even as music publishers (there’s been little music publishing and lots of fraud investigation over the last 7 years), we understand the need to maintain international confidence in the City of London and our financial sector. But it would seem the attempts to indemnify bankers from crime in order to maintain that confidence, has resulted in the City becoming the ‘Wild West’ of the financial world. By not holding bankers to account individually when they break the law, we now have a situation whereby the banks feel their immunity to prosecution is a licence to further break the law. And they do so in the knowledge that, worst case scenario, their shareholders will pay huge fines while those bankers responsible for the good management and reputation of the banks, continue to get huge pay packets, bonuses and pension pots. Under such a scheme, where is the incentive for bankers to behave lawfully, morally and ethically?

The reply to this on behalf of the Governor was (I’ve redacted specific’s):

Your letter also notes a concern that regulators have not acted to penalise relevant individuals in relation to XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX and that bankers are somehow above the law and able to avoid prosecution. This is a view very much not shared by the Bank of England. As the Governors recent letter to Lord Blackwell made clear there is absolutely no doubt that bankers who are guilty of misconduct should face the regulatory and / or criminal consequences of their actions. No one is above the law.

I haven’t published that to annoy the Governor of the Bank of England by sharing private correspondence. On the contrary I’ve published it to make the point that in the “them v us” scenario many SME owners feel exists between businesses and the establishment,  we have a lot of shared views. And I may be very naive but I was actually delighted to read the headline in the Huff Post today:  Mark Carney Tears Into Bad Bankers For ‘Getting Away With It’

http://www.huffingtonpost.co.uk/2014/10/13/mark-carney-bankers-banking_n_5975494.html

I am not saying our letter to the Governor made an impact but, on the other hand, maybe he is aware of the bad conduct of banks towards SMEs – maybe we can get our message across to people like Mark Carney and maybe now if the time to resolve a “failure to communicate” situation that has existed for far too long. I really hope we can remedy that with SMEalliance. We can open a real dialogue with people who can help us get change – and this time, the message won’t be from people paid to represent us – it will be SMEs representing SMEs.

I feel hugely encouraged by the immediate response and support for SMEalliance – it really feels as if a fuse has been lit and an immediate network of like minded people have joined forces. We need to build and build our numbers so our voice gets louder. And then we can collectively make sure influential people like Mark Carney  or politicians know exactly how we feel, what our problems are and what changes we want to see – straight from the horses mouth. Starting maybe with the statement from the Governor’s office:

No one is above the law.

If even the Governor of the Bank of England is agreed on this principle. maybe we could start dealing with the one thing that hinders it:

But most people can’t afford the law.

That’s a huge problem but let’s not run before we can walk. If we can be sure the authorities will support  “no one is above the law” that would already go a long way to helping SMEs. So that when we report misconduct, fraud, misrepresentation, sharp practice or other issues that damage SMEs to the regulators, the police, MPs – we could do so with the confidence the law will protect us.

Last thing – you don’t have to have a problem to join SMEalliance. Aside from trying to raise important issues at a political level and have a huge voice, it is a huge opportunity to network, share information or idea’s and cross reference facts that will also alert others to potential pitfalls. And for those who do have a problem, it will also hopefully provide a support network.  I saw all of this go into action straight away when everyone at the meeting adjourned to the pub and it was evident the knowledge and experience people were willing to share was phenomenal.

Please visit our website http://www.smealliance.org and if like us you think SMEs, which are the absolute backbone of the economy, should have a better deal and a bigger voice, please join us. Our next meeting is 6th November at the Winford Manor Hotel in Bristol.

 

 

 

 

Save the Bankers v Save the Pandas – now there’s a choice!

This Sunday has not started well. Beautiful crisp morning but pretty damn cold – the beginning of the ice box scenario for many households who can’t afford heating. Nevertheless, Paul and I were up early and ready to go out to our local car boot which has, over the last few years, become like a weekly social event – regular stall holders with irregular wares and prices ranging from 20p to a couple of pounds, regular visitors chatting away with each other, lots of dogs (and their proud owners) and so multi cultural. I often think the car boot sale we go to, which is held in a farmers field in Cambridgeshire, is one of the best and most amicable examples of multi-cultural Britain.

Unfortunately today’s visit did not go to plan as our elderly car decided it does not want to live through another winter – and refused to start. Hey ho, won’t be the first time a car has died on us over the last few years, so I decided to take another pleasant option – read the papers on line, tweet a bit and listen to the Archers.

It was all going really well until I read an article on the Conservative home site called ‘Save the Bankers’ penned by an A level student. Now don’t get me wrong, everyone is entitled to their view and it’s always good to see young people voicing their opinions. The author even made some good points – especially the point that ‘save the bankers’ is unlikely to be as popular a campaign as ‘save the pandas.’ Yep, I’d say it’s a non starter. And he, Joe, also made the valid point that thousands of people are employed in banks – the figure of 3.8% of the population was muted although I haven’t checked that figure. Obviously it’s a big sector – obviously it employs many ordinary decent people – and even makes many of them redundant and, (I don’t know if Joe knows this) sometimes by the most ungracious of methods, like please all attend a meeting in the car park – you’re fired and don’t go back into the building.

However, the overall tone of the article was to praise the contribution banks and bankers make to society; to criticise those who insist banks are the root of all evil and; to have a pop at the Labour party for their manifesto in relation to bankers’ bonuses. With the arrogance of youth, the author insists we must rise above the ridiculous myth that banks or the City are responsible for society’s ills and we must instead take collective responsibility for economic failures.

Fair enough – not many 18 year old’s will have lost their business because of asset stripping or swaps. They probably won’t have been affected by LIBOR or even PPI at that age. They won’t know how the insolvency laws have been abused and manipulated over the years so that solvent companies are pushed into administration by banks who then acquire those assets for peanuts. So they won’t know how many SMEs have been destroyed by deliberate and immoral policy implemented to benefit an elite minority at a huge cost to the majority. And if you don’t research that side of the coin – you won’t know and you won’t include any of it in your article.

But my problem is not about the content of the article – in a world where social media means everyone can share their views across the internet, why shouldn’t Joe share his? And if he had done so on his own blog, I wouldn’t have batted an eyelid (I probably wouldn’t have even seen it). What I found worrying was that the Conservative party gave this blog/article a huge platform on their home site and in doing so, they’ve used an A level student to promote the bizarre propaganda that banks are fundamentally good, we should recognise their contribution to society, embrace the ambitious nature of bankers and allow them to thrive without the constraints of “iniquitous” legislation being imposed by regulators. Bonkers!!!

There are no doubt many good bankers out there Joe. Every sector has good people – personally I always had a bit of a soft spot for Tony Soprano. Some of my good friends come from the financial sector – although most of those particular friends are now better known as ‘whistleblowers.’ Sadly, there can’t be many good main stream banks in the UK – because unlike other European countries, we only have a handful of banks and even if 50% of them were good – that could still only be a few rather than many. In my experience and after 7 years of research, I would say the majority of the big banks have repeatedly demonstrated utter contempt for society and its laws – spurred on by successive Governments.

I have no idea who to vote for next year – almost certainly it will be the party which demonstrates any inclination to support the 4.9M SMEs in the UK who employ 25M people – if such a party exists. Who knows, that could even turn out to be the Conservative party. Like many SME owners, I would just like to see a Government that redresses the balance of the many and varied issues that have caused SMEs to bat on a totally uneven playing field – and banking is only one of the those issues. All the same, while I respect everyone’s views, I feel slightly apprehensive about any political party that gets teenagers to preach on the subject of how good our financial sector is. Poor etiquette Dave. Unless of course you are also going to let someone else have the same platform to put the other side of the argument? I can think of quite a few volunteers.

SMEalliance v Parallel Universe.

I was think this morning (actually I was dreaming it as well) about this bizarre situation we have of parallel universes. It’s a situation now so blatantly obvious between SMEs on the one hand and banks, regulators, authorities on the other, that we seem to talk an entirely different language and have an entirely different thought process. A very good example of this is the Lawrence Tomlinson report into RBS/GRG vs the Clifford Chance report. Clearly the two camps are not on the same planet and not writing about the same problem. Or, worse still, Clifford Chance looked at the problem and then interpreted their findings according to the laws of Klingon or the Disc World. Question – which camp is run by aliens?

I would say it’s not us, the SMEs (well I would say that) but I have good grounds for that assumption. We, the many SME owners and employees, have no option than to deal with very real, down to earth problems and situations. Given the many and varied ways banks have tricked, manipulated, defrauded, deceived (call it what you will) the SME sector, many of us, and I can say this as a fact, have problems making budgets stretch to the next day. The concept of what tie to wear to the next Mansion House dinner or what colour Merc to order next year, is totally immaterial to our lives.  We are very ‘grounded’ and we are determined to bring about change, so we don’t end up ‘under-grounded’ before our time.  And of course that is not a scenario that applies just to SMEs – the majority of people in this Country have been affected by the extreme austerity the so called ‘credit crunch’ caused.

So it’s been interesting to see some of the top people from the parallel universe, running around like headless chickens for the last few weeks because they were suddenly forced to face the fact that ordinary people count. I’m talking about the Scottish referendum of course. Even although the ‘No’ vote won in the end, it was a sharp wake up call to “all in it together” Dave and Ed & co, when the Scottish people made it blatantly clear they were sick of a Westminster dictatorship. And although I personally think it would have been a mistake to split the United Kingdom, I do think Alex Salmond and his team may have done everyone a big favour. They’ve made a point – if you want to stay in Government you’ve got to do what it says on the tin – or we’ll walk.

For a very long time now, what we’ve had between Government and people is “a failure to communicate.” And it’s become so out of hand most politicians fail to understand even the most basic problem i.e  we vote them into power based on promises made which will benefit the majority and then, when they’re in power,  they break almost every bloody promise in order to benefit the tiny minority living in the parallel universe which encompasses that tiny dot of Britain in central London to include Westminster and the City.

I don’t want to get involved in the pro’s and con’s of Scottish devolution – I’m not Scottish – but I was quite fascinated by the lengths our political parties went to to keep Scotland. Of course the proof of the pudding is in the eating and, in my humble opinion, what will follow now is a battle, the likes of which we haven’t seen for quite a few years, while Scotland insists Dave keeps his promises and the rest of the UK wonders on what grounds Scotland gets preferential treatment – when half of them didn’t want to be part of Britain in the first place? It is going to be very interesting.

Anyway my point is – Scotland has 5M+ voters and the thought of losing them caused many people from la La Land to become quite apoplectic. Suddenly they listened and suddenly they agreed to the need for change. I can’t help feeling this was more about economics than people but, whatever, it brought our aloof elite back to earth for a while. How long they will stay – who knows. But there’s a good chance they’ll be here en mass for the next 9 months.

It took the SNP years to build that momentum and some may feel it is entirely presumptuous to compare SMEalliace to the SNP. But you’d be wrong – every organisation looking for change via our democratic process is similar to the SNP. Our problem so far has been – only money has been having political influence – not people. SMEalliance may be at totally grass root level and we are absolutely a fledgling initiative – but we want change every bit as much as Scotland does – and we want to be listened to every bit as much as Scotland does. And I hope we will grow very quickly as an organisation – because we could potentially reflect the views of millions of people – and some of them Scottish. And no, we can’t vote to get out of Britain (well I suppose we could form a convoy and head for the Costa Del somewhere) but we could vote for the party that listens to us the most – which was always the basic idea behind SMEalliance – we want to raise our voices before more SMEs are brutally trashed.

And here’s a thought running up to the election – if the 4.9M SMEs in this Country were able to function efficiently and grow as the entrepreneurs who started them intended, instead of being continually crippled – and not just by banks – the impact we would have on the economy would be phenomenal. We would be a huge asset to the Country and we would shift the balance of power back from the parallel universe to the real world.

Now I know a lot of people won’t like that idea. But it’s called democracy and if we could identify the political party who would give it a shot – we could be a handy vote.

 

 

 

 

SMEalliance up and running

It’s been a busy week and I still can’t believe that two weeks ago SMEalliance didn’t exist. It certainly does now! Obviously it’s still early days but here’s a brief update of where we are:

We have a company .

We have a domain name smealliance.org.

We have a logo (to be unveiled next week)

The website is being built and should be up and running by the end of next week.

We have a meeting confirmed for 25 people on 24th September at 1.00pm (the venue will be confirmed early next week but if it’s not Chancery Lane it will be within walking distance of Chancery Lane)

We have supporters who can’t make the meeting but are on board.

We have media interest.

Not bad progress for 12 days work.  But I am fully aware we are at the very beginning of something and what we want to achieve will not be easy.

I’ve been repeatedly asked over the last few days, the very obvious question, what will make SMEalliance different from any other organisation that supports SMEs. And I want to say straight away, we haven’t formed this group as a criticism against other organisations.

However, there are serious issues for all SMEs that clearly are not being dealt with or resolved. As these are issues that affect SME owners, shareholders, employees, it makes sense for us to try and help deal with them ourselves and alongside existing organisations. After all, who knows the problems we face better than us? And please note – SMEalliance is absolutely not just about banks – so we are not going into competition with Bully Banks or anyone else – in fact we have a meeting scheduled with Bully Banks and I hope we’ll have meetings with the FSB in the future.

As I said on Day 1 of this initiative – there are 4.9M SMEs in Britain and it is absolutely ridiculous that we are ignored by all the major political parties. They may say they don’t ignore us but the proof of the pudding is; no one is doing anything about the way banks continue to trash SMEs and steal their assets; no one is enforcing the conditions banks agreed to as part of the bailouts (i.e funding for SMEs); no one is looking at the abuse we suffer at the hands of the insolvency sector; no one is looking at the inequitable position we are in with the justice system (i.e first we get abused and then our abusers use shareholders money to make sure we can be abused again in the Courts); we are crippled with red tape and regulation while the major corporations SMEs struggle to compete with, are often not even paying UK taxes because they’re registered off shore; the various Ombudsman schemes are not set up to deal with SME problems; the regulators are not set up to deal with SMEs (e.g the FCA does not deal with individual issues but the FOS can only give limited compensation which doesn’t cater for SME losses); and so on and so forth.

The reason for SMEalliance is: we, the members (the few now and the many coming) are all very aware of how important SMEs are to society but also how individually vulnerable we are against the kind of unethical practise that blights the business community. Many of us started businesses with all the enthusiasm and dedication synonymous with entrepreneurship and with no idea how easy it would be for rogue elements of other sectors to see us as mere cannon fodder. We all employ (or employed) people and we know first hand the devastation caused when businesses fail because of immoral and sometimes fraudulent scenarios we have no control over. I think we’ve been collectively shocked that the protection we thought we had – regulators, law, Government – has, in many cases, proven to be totally ineffectual. Many of us have watched in horror as our businesses have been destroyed despite our every effort to save them. We’ve all tried individually to stop the kind of corruption and “wilful blindness” that makes SMEs such easy prey. Now we’re going to do it collectively. Who better than us to try and help remedy the problems facing our sector?

SMEalliance is a very simple concept. SME owners, shareholders, employees getting together to share idea’s and information that will help us all. And, most of all, having a collective voice that policy makers in Governments have to listen to. I’ll put that another way because a) “HAVE” to listen suggests we have a very aggressive agenda and b) as we all know, selective hearing or pretending to listen (nodding dog syndrome) is a speciality of some politicians. We want to get to the point where political parties genuinely WANT to listen to us and genuinely want to use our experiences to identify what needs to be changed or put in place for a more equitable platform for SMEs. It can only be a good thing for the economy to make the SME sector strong.

It’s a plan. It’s a very good plan. Now we just need to make it work! As I said, it’s early days but something about this does feel very logical.

That’s it for now. Anymore and someone will be buying me a soapbox! Will update again in the week. Please spread the word. #SMEalliance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WBUK at the Cambridge Symposium on Economic Crime.

Last Saturday I had a very interesting time at the Cambridge Symposium on Economic Crime. I was there with other members of a whistle blowers organisation and several of us gave a ten minute speech on our personal whistle blowing experiences in relation to economic crime. I must admit I did feel slightly disadvantaged because the economic crime I know most about (HBOS Reading) is the one thing I couldn’t mention because it’s subject to sub judice until the end of the criminal trials.

I must also admit that while my colleagues were either very eloquent and experienced at giving speeches or had taken the time to write and rehearse their speeches, I kind of hoofed it because the last few weeks have been quite hectic and I could do with 28 hours in every day. So I was very nervous. But I also felt very privileged because the whistle blowers involved with WBUK  are a pretty impressive bunch and some of them are very well known for their extraordinarily brave actions exposing corruption across many sectors.  You can check out some of the members on this page: Members testimonials

Anyway I did manage to make a speech. God knows I don’t need much encouragement to start giving my views on malpractice in the financial system and once I got started I could probably have gone on for hours given half a chance (fortunately for the audience I didn’t have that chance).

What really struck me about yesterday was how shocked and how interested the audience was. They really seemed to appreciate the opportunity to hear ordinary people sharing their experiences.  The rooms for both of the WBUK sessions were pretty much packed and the feedback we got from the audience was incredible. In fact the organiser of the Symposium has invited us back next year to do a whole day in a bigger location because everyone was so keen to hear what we all had to say. And everyone was so complimentary!

I should explain why I found that so extraordinary. We, the whistle blowers, are not at all used to compliments. if anything, we’re used to being disliked for what we do – obviously we are disliked by the people we blow the whistle on but in general the authorities are non too keen on us either. For example, one of our members blew the whistle on very serious corruption in the police force – end result? She was kicked out of the police. Another even more tragic case was in the healthcare sector where the inability of the NHS to listen to a whistle blower who is a senior Paediatrician, later allowed the tragic death of baby P to occur (that 10 minute speech was heart breaking). She also lost her job although she fortunately has it back and is well respected for what she did. Or the  case our Chairman, Colonel Ian Foxley, who blew the whistle on irregular payments between EADS and the Saudi Royals. Not a very popular decision in certain circles: see GPT

I could go on as we have collectively blown the whistle on so many totally corrupt and unethical situations. And in general we have managed to highlight very, very serious issues to the public that in many cases have had positive results. But the result for the whistle blowers has generally been very negative. Many of us have had our lives devastated – people don’t want to employ people who might blow the whistle – most of us have lost either our jobs or our businesses – in the majority of cases whistle blowers have to fight for years before anyone will even listen to them and take the issue they are raising seriously – and while the issues whistle blowers raise are crucial to a just and ethical society,  we are often labelled as trouble makers.

But I realised on Saturday, when people have the opportunity to sit down and listen to our stories, they appreciate what we’ve done and are even astounded by what we’ve done. I could see a reaction by many people in our audience of complete bewilderment and incomprehension that it should be so hard to blow the whistle on situations that are blatantly wrong – not just for individuals but for society. I really felt an enormous amount of empathy for what whistle blowers do. And of course while we do meet each other and speak to whistle blowers on the WBUK help line, we rarely get the chance to collectively meet people who are totally unconnected to the world of whistle blowing.

Unfortunately the Government, with their various enquiries and reports don’t seem quite so keen on us and everyone at WBUK has been very disappointed at the Francis Report or the BIS review of existing legal frameworks for whistle blowers and I am already disappointed in advance of the PRA report of what caused HBOS to fail. But Saturday made me think that maybe, if we can keep raising the profile, it will be the public (even bankers, lawyers,  accountants and even senior officials in the healthcare sector) who will help us make whistle blowing a respected and much needed voice in society. Clearly we just need to spread the word about the good whistle blowers do.

To finish, I would just like to reply to a valid point raised by an accountant in the afternoon session who suggested we (society) needs to look at both sides of the coin – i.e. someone might use whistle blowing to make malicious and unfounded allegations against another person. I didn’t get a chance to reply but let me just say – I have been one of the people manning the phones for the helpline for the last couple of months. I have heard some totally appalling stories and I mean truly shocking, from people who feel they have no option but to join the whistle blowing community. I have also heard stories that weren’t really about whistle blowing but were about personal disputes. Still serious issues but not necessarily whistle blowing. It’s not hard to identify real whistle blowers. And when I’m speaking to people on the phone, my own criteria is – is this person telling me something that will be detrimental to lots of other people if it isn’t exposed?

I would say to anyone questioning the integrity of whistle blowers and here’s the crunch – no person in their right mind would chose to be a whistle blower. No one queue’s up for the job and no one really wants the job. It’s not easy and it’s not a nice job. Sometimes it changes the entire direction of your life. It is a fact many whistle blowers need support to deal with the mental stress and anxiety resultant from their decision to try and do the right thing – and that is a support WBUK tries to give. Nervous breakdowns or depression are common complaints with whistle blowers. But all the disadvantages still doesn’t stop some people blowing the whistle on gross injustice or corruption. Thank God.

Anyway, Saturday was a really positive day for all of us and I am really encouraged to believe that by this time next year we will have an even bigger voice and support for WBUK. And we will be closer to removing the stigma of blowing the whistle. Hopefully we’ll be closer to a situation whereby whistle blowers get the kind of protection that will encourage others to come forward and blow the whistle when they see situations that should and must be flagged up for the good of society. And while my personal experience involves the financial sector, hearing the speeches on Saturday, the thought that has remained with me all week is  – at all cost we must avoid a Baby P situation ever happening again. We need whistle blowers.

 

 

 

 

 

 

Update re: meeting of SMEalliance 24th September 2014

09/09/14

Many thanks for the replies. As I’ve been in Oxford all day (but I live in Cambridge) I haven’t had time to respond – but I will. What is going on in this Country – we have major road works on our busiest roads in rush hour traffic? And then they open the roads at night when there’s hardly any traffic? So just over 2 hours to get back from Oxford but 3&1/2 to get there! Bonkers.

Rant over – As we still have to book the venue, it would be really good if anyone else wanting to come on 24th September could reply by 11.00am tomorrow so I can pass the definitive numbers on to Jon Welsby who is finding the best place.

Thanks also to those who can’t attend but want to support SMEalliance. Crazy to think all this started just a week ago! I wonder where we’ll be in a month? I’m really looking forward to meeting you all. And I would just add – after the meeting I had today with a really lovely farmer and his family, who have been totally abused by banks, the quicker we get a voice and some muscle, the better!!

Best

Nikki

From the replies received it seems that Wednesday 24th September is the best date for the 1st meeting of SMEalliance. So that’s it – we have a date. It’s been suggested the meeting should take place at 1.00pm because some people have a considerable distance to travel – and no one wants to by peak time rail tickets if they can avoid it.

What we can’t confirm as yet, is the venue – because we don’t know how many people want to attend? We have a list of 8 people who will definitely be coming but because last week was so hectic, I haven’t had a chance to confirm the names of many others who have expressed an interest to be involved. Until we know the numbers, we can’t confirm the venue. Jon Welsby has suggested a couple of venues he can get but they can only accommodate 10 – 12 people at max. I am sure we can find a bigger venue if more people want to come and our priority now is to confirm the numbers.

I have set up a specific e-mail address for people to confirm their attendance:

smealliance2014@gmail.com

Alternatively you can confirm by commenting on this blog.

Please let me know (if possible by Wednesday morning) if you would like to come. I am in Oxford all day tomorrow but would really like to be able to work on this Wednesday. Once we have that info I can e-mail all participants with a venue and an agenda (of sorts). Please bear in mind – this is a fledgling initiative at the moment and the purpose of the meeting is to make a plan for the future and create a strong group that will have a voice. I am not necessarily leading the group as the meeting may produce someone better suited to the job. But I am more than happy to help get us to that stage.

It would also be very helpful to receive an e-mail from anyone who isn’t in a position to come on the 24th but still wants to support #smealliance and receive regular update. Please make it very clear on e-mails on in comments – I WANT TO ATTEND ON THE 24th SEPTEMBER or I WANT TO SUPPORT SMEalliance AND RECEIVE UPDATES. At this stage the only info we need is the confirmation, a name, e-mail address (which we’ll obviously have), a twitter name (if you tweet) and a phone number if you want to give it – not obligatory.

Next blog on Wednesday or Thursday – hopefully with a venue and an agenda for the 1st meeting. Obviously the agenda will only go to those who are attending the meeting or want to support. Oh – and any bankers signing up to get inside information – we would be very happy for you to attend and speak to us!

Look forward to hearing from everyone.

Best

Nikki

 

re: SME Alliance

Quick update for all those who supported the idea of an SME Alliance to get some political support (in exchange for a potentially massive vote). I was quite amazed at how many people wanted to get involved – a very positive start.

Today I have spoken to Jon Welsby who is happy to organise a meeting place. So far the suggested dates are either 17th or 24th September. Please let me or Jon know which of the two dates (if either) are good. The meeting will be in London at a barristers chambers (start how we mean to continue)!

I just wanted to make one thing very clear. My intention, when suggesting this, was never to compete with other organisations like Bully Banks who help SMEs fight banks – and I hope Bully Banks and others will want to get involved. Also, although we do have the support of the excellent Nick Gould who is a lawyer, this initiative was never about legal advice or solutions and no lawyer could advise 4M SMEs! Neither is is about our individual cases – although I envisage we may want to collate our collective experiences in the future in order to fully exhibit how Government and the regulators have allowed SMEs to be mugged (I tried to think of a more politically correct description – but the word mugged seemed most appropriate).

The overriding objective of an SME Alliance is to point out what is, quite frankly, the beedin’ obvious: There are 4.9M SMEs in Britain (at least); Approx 25M people work for SMEs; we are crucial to the British economy and British society; we have been ignored. We are fed up being ignored and while, individually, Governments appear to have no interest in us, collectively we will have a very loud voice – and we will represent a very large vote.

Many of us have been totally abused by banks and, sadly, we have all had to come to the conclusion we can’t rely on any authority to protect our interests or the interests of our employees or shareholders – which is madness because we are the life blood of British business. And while we obviously can’t lobby or compete with the multi-billion pound banks or corporations in a financial sense, we have something they don’t have – numbers and voters. And running up to an election, I think it’s entirely possible that the votes in the ballot boxes will be every bit as important as the ballots in the board rooms.

I should know by the beginning of next week, which date is best for our first meeting and who will be attending. And BTW – I am organising this at the moment (I always knew my bossy side would have its day) but that is only until we decide how best to go forward and who best to take this forward.

I am incredibly enthused by the idea we could collectively bring about change for SMEs – not sure our political leaders feel the same. I tweeted the letter to Ed, Dave and Nick today. No replies – but then again, we haven’t even reached the end of Day1.

Watch this post – will do an update every time we have news.  All ideas and contacts gratefully received. Spread the word. #SMEalliance