WINSFORD’s MP has lent her support to a Cheshire-based price comparison site for small businesses.

Antoinette Sandbach, MP for Eddisbury, met with Philip Brennan, chief executive of Businesscomparison.com.

The meeting was arranged to discuss recommendations made by the government following a report from the Commercial Markets Association (CMA) into competition and customer care within the financial services sector.

The report states that 57 per cent of consumers have been with their personal current account provider for more than 10 years.

It concluded that competition in the marketplace is not currently working properly and highlighted the need for a price comparison site for small businesses.

“The CMA’s conclusions match our own observations about the financial marketplace for SMEs which is exactly why we set up,” Mr Brennan said.

“The CMA have highlighted the need for a business comparison website in the market. This is a move that we wholeheartedly welcome.”

Following the visit, Ms Sandbach has pledged to write to the Minister for Small Business, Anna Soubry, to make her aware of the innovative approach being taken by Businesscomparison.com.

Mr Brennan added: “It was fantastic to meet with Antoinette Sandbach to highlight the work that we are already doing to drive competition in the banking sector by assisting UK businesses to find the right financial support and guidance.”