Page 37 - RBS GRG F Case Study
P. 37
MPs heard that
businesses were
“carved up like a
Sunday roast” and only
placed in GRG because
they wanted to move
banks or had made a
complaint.
Lewis said:
“We do know that 90% of GRG administered businesses
never made it back to mainstream banking. This is a very
high proportion.
The cost of this is immeasurable, but we believe it to be in
the tens of billions.
So let’s be clear here. This is the potential size of the
injustice that has taken place in our country.
If it is this big, it may be the largest theft anywhere, ever.
And if we begin to take into account the opportunity cost
to the economy of business failure and businesses that
have been unable to grow, if we begin to include the job
losses, homes, the losses of health, relationship and lost
taxes, we can see the costs are likely to be
immeasurable.” (4,10)
Lewis further commented on GRG that:
