Small business boss praises our campaign

Innocent Drinks boss Richard Reed and Labour’s Shadow Business Minister Bill Esterson also backed the campaign last night.

Backing: Innocent Drinks boss Richard Reed

Backing: Innocent Drinks boss Richard Reed

The Federation of Small Businesses, which represents more than 215,000 firms, has thrown its weight behind The Mail on Sunday’s Justice for Small Firms campaign.

Innocent Drinks boss Richard Reed and Labour’s Shadow Business Minister Bill Esterson also backed the campaign last night.

The Mail on Sunday is demanding a new body to mediate disputes between firms and their banks. Currently most of these have to be resolved directly because the firms are unable to afford High Court fees.

Mike Cherry, FSB national chairman, said: ‘The Mail on Sunday is doing critical work with its campaigning on this.

‘Small firms have far more in common with consumers than big corporations but receive nothing like the same protections or access to justice when they are mistreated.’

Reed – who set up Innocent with friends Adam Balon and Jon Wright – said he agreed that small firms need a new way to bring bank complaints.

Esterson told The Mail on Sunday: ‘Businesses deserve our support and protection.

‘I wholeheartedly support the creation of a body that can effectively deal with the complex financial disputes that they can face.’