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Small- and medium-sized businesses need access to a diverse range of finance options including non-bank lending. These new forms of finance are still small in scale today but they should over time bring additional choice and greater competition to the lending market.

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Anyone could be in the orchestra or sports team or arts club at my school. It was precisely the kind of inclusivity that now meets with a sort of scorn and derision as a prizes-for-all culture that generates only mediocrity. There's something so insulting about the idea that including lots of people means mediocrity.