"Securitisation is a good thing when it allows firms correctly to price risk into their calculations," he said.

Allowing European firms to compete in the country's public procurement market of about £50 billion is another requirement.

The pledge for companies is slightly more flexible to allow firms that have made deep cuts over the last few years to join.

And it recently said it would allow foreign firms to own up to 65 percent in retail stores.

Another service allows firms with offices in different countries to have centralised telephone bills.

Such action would allow new firms to bring in some of the £100bn needed for power infrastructure, they argued.

In a new term, we must allow small firms to join together to purchase insurance at the discounts available to big companies.

These associations regulated competition and allowed small firms to function in the shadow of much larger companies.

Politicians were not prepared to risk the fragile social consensus by allowing troubled firms to go to the wall.

They're protesting at the government's proposals to allow private firms to tender for prison work.