Banks charging too high interest rates to business

Business , especially the small business are finding that bank Charges are rising, overdraft renewals are being done at higher rates.  Fees for bank transactions have risen.

With interest rates at an historic low, he said banks had been handed millions of pounds of taxpayers' cash but had failed to keep their promises to continue lending.

"I am extremely concerned at what the banks are doing for the small and medium-sized businesses in this country," said Alistair Darling

"What companies are being charged does seem to have gone up relative to what banks are actually having to pay because of the fact we have got very low interest rates."

Mr Darling said bankers were not bailed out as "some sort of charitable act"

You can read the full story on Sky News following the Link below.