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Small firms still waiting on HBOS compensation PDF Print E-mail
Thursday, 29 June 2017
Responding to reports that Lloyds is set to miss its June deadline for compensating small businesses affected by fraudulent activity at HBOS’s Reading division, Mike Cherry, FSB National Chairman, said:   “The fact that small business owners whose livelihoods were taken away by HBOS a decade ago are still waiting for compensation is simply unacceptable. Some of our members lost their businesses and have faced an uphill struggle to make their voices heard.

“We need to see Lloyds taking all available steps to ensure that every affected business owner is compensated swiftly. We urge Professor Griggs to ensure that this process is as timely and transparent as possible.

“Ten years is too long to wait for fair treatment. It’s time to give these entrepreneurs the support they’re due.”
 

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