Page 244 - Bank Case Studies
P. 244
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:
