Businesscomparison.com

Government Investigation Builds Case for Businesscomparison.com

Philip Brennan of Businesscomparison.com is commenting following the news this week that the Competition and Markets Authority (CMA) has published a report stating that 57 per cent of consumers have been with their personal current account provider for more than 10 years. This highlights a specific problem in SME banking where entrepreneurs are opening their business accounts at the same bank as their private account, then stay with that bank for business loans. The authority concluded that competition in the marketplace is not currently working properly and highlighted the need for a price comparison site for small businesses.