14th March 2025 - Credit Connect

Economy shrank by 0.1% in January – industry reaction

14th March 2025 Commercial Credit Management | #economy

Latest data from Office for National Statistics (ONS) showed that the economy fell 0.1% in January. GDP had been expected to rise 0.1% month-on-month. Services output grew 0.1% month-on-month whilst construction output fell 0.2% month-on-month. Production fell 0.9% month-on-month. Commenting on today’s GDP figures for January, ONS Director of Economic Statistics Liz McKeown said “The…

SMEs profits increase by 7.3%

14th March 2025 Commercial Credit Management | #business profits

Profits at USMEs increased by 7.3% year-on-year in Q4 2024, according to Sage’s small business tracker. This is down from 8.2% in Q3 and 8.6% in Q2. It was also found that productivity fell by 0.9% year-on-year in Q4. While debt levels have fallen by 9.7% over the last year, cash reserves increased by 3.2%…

Lending to SMEs increased by 13% in 2024

14th March 2025 Alternative Business Lending | #business lending

Gross lending to SMEs rose by 13 per cent year-on-year to just over £16 billion in 2024 according to latest UK Finance data. The research showed that in each quarter of last year gross lending was up compared to the same quarter in the previous year. However, lending remains significantly below levels reported in the…

Seven in ten small businesses defy market uncertainty and press ahead with growth

14th March 2025 Commercial Credit Management | #business growth

Seven in ten small businesses (71%) are working on new initiatives to achieve business growth in the spring months, a rise on the previous 12-months according to new research from Novuna Business Finance. Following 2025 starting with a dip in the percentage of UK small businesses predicting growth, the latest findings suggest a solid resilience…

Government announces review into SME lending

14th March 2025 Alternative Business Lending | #business lending

The Department for Business and Trade is launching a review into SME lending, due to the increase in the price of debt in recent years. Commenting on the Government’s publication of a call for evidence on SME access to finance, Emma Lovell, Lending Standards Board (LSB) Chief Executive, said “SMEs are the backbone of the…

Challenging fraud behaviours – a matter of national prosperity

14th March 2025 Industry opinion |

Cifas’ annual Fraud Behaviours Survey – research into public attitudes to committing fraud – is a useful bellwether into society’s attitudes to lying for financial gain. Year-on-year our fraud behaviours work has demonstrated a growing normalisation of fraud by the UK public and the findings in the latest survey are no exception. Nearly half (48%)…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.