Sky-high valuations and signs that the flood of cheap cash washing around financial markets may be subsiding suggest the record-breaking run in shares is about to hit the buffers.
Shortage of credit for SMEs preventing UK from ‘levelling up’....
A critical shortage of lending to Britain’s small businesses is preventing the UK from “levelling up”, according to a report published by a group of cross-party MPs today.
The All-Party Parliamentary Group has warned that a lack of trust between banks and businesses has choked the supply of credit to SMEs in the UK.
Theodora Hadjimichael, chief executive of Responsible Finance, said: “Access to finance remains the major block to SME growth in the regions, deprived areas and among demographics under-served by mainstream and so-called challenger banks. And levelling-up will not be delivered solely by building projects in red-wall constituencies.”
Small businesses often rely on credit to fuel growth in the early stages of their business development.
Evening WCB, it was always coming... In other news today a funny looking chap was seen walking away from Hyde Park with rolls of turf in both arms, when questioned by the Peelers the chap stated he was having a takeaway tonight.. DYOR