Worth reading Oliver’s post on LinkedIn regarding the bbl process, he’s copied all relevant party’s into the post and also there are some interesting comments underneath from pretty heavy hitting financiers & Fintech start up CEO’s
One of comments underneath from : Richard John Vernon
“One would hope Dr. Oliver Prill that they would allow Tide access to the term funding scheme. I assume the hesitancy in providing funding directly is two fold:
If not able to fund from the term lending scheme, there would be an initial fiscal cost. (Although with a deficit at c£350bn this year, the question as to whether this matters?). And the net balance sheet cost is neutral…
If providing funding through Tide, unsure how this would sit with state aid rules. (Although again, unprecedented times, so could be waved through). If the political will is there, then it will get done.
Genuinely I would like to reach out to you Oliver and see if there are any buttons we can help you press. I already assume Tide is employing outside Lobbyists to try and bring about this change.”
As angry and frustrated with this whole situation we are it could be worth giving Tide an extra extended benefit of the doubt on this until the final bell has been rung.
If you leave the list and go elsewhere you could end up shooting yourself in the foot, I do really believe that Oliver and tide have the best interests of their customers at heart all be it they have undoubtedly dealt with some factors in questionable ways… but this situation hasn’t been easy for anyone.