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Small northern businesses are suffering twice as many overdraft cuts as London firms, with 55 per cent of Northern SMEs seeing their overdrafts cut or entirely withdrawn over the past two years, according to new research.

Bias against Northern firms

Business finance group Funding Options commissioned a study into small business overdrafts and found that just 25 per cent of London SMEs have had their overdrafts reduced, compared to over half of all Northern SMEs.

Authors: Fraser Simpson

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