… Mr Clegg said progress had been made on the legal rights, political representation and public sector employment of black people since the 1981 disturbances, but "grave inequalities" remain in the private sector.
—Mirror
Deputy Prime Minister Nick Clegg
British Deputy Prime Minister Nick Clegg was at the event to commemorate 30 years of ‘Lord Scarman’s report into the Brixton Riots’. Clegg said that banks should do more to help people from the ethnic minority 'by giving them a better access to loans', so that they can start 'businesses' as entrepreneurs.
“We know, for example, that 35% of individuals from black African origin say they want to start a business, but only 6% actually do. Are they having problems accessing the loans they need?
"Past evidence shows that firms owned by individuals of black African origin have been four times more likely than so-called 'white firms' to be denied loans outright. And that Bangladeshi, Pakistani, black Caribbean and black African-owned businesses have been subject to higher interest rates than white and Indian-owned enterprises. Anecdotally, we hear this is a problem time and time again."
—Nick Clegg
Would the high class bank directors with ‘fat’ bonuses listen to Clegg? There are many ethnic minority people with genuine business plans that are unable to start a business because of lack of funding. At a business enterprise meeting, the coach is likely to advise you not to start a business if you don’t have enough capital or money.
Knife-Wielding Man Chased Off By Store Owner Brandishing Broom Handle
