Inflation continues downward trend – business industry reaction

Latest ONS data has found that inflation came in at 3.2% in March, slightly less of a drop than economists had forecast. The rate is at it’s the lowest in two and a half years, and well down from the peak at 11.1% in October last year. The biggest factor pushing inflation down was food,…

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SMEs repaid record £10bn in 2023

Analysis of the Bank of England’s data by Ebury’s SME Borrowing Tracker shows that SMEs repaid almost £10 billion across 2023, with the final three months of 2023 marking the largest quarterly change in SME loans outstanding for 2023 as repayments accelerated towards the end of the year. In 2023, SMEs repaid a net sum of…

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Profitability squeeze could extend business payment delays further

New research by Allianz Trade in its latest report on global Days Sales Outstanding (DSO) and Working Capital Requirements (WCR) has found that the looming profitability squeeze could extend payment delays further The research found that profitability is the number one driver of payment terms in Europe, more impactful than financing or the business cycle.…

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FSB criticises FCA over ‘super-complaint’ approach

5th April 2024 Commercial Credit Management |

The Federation of Small Businesses (FSB) has said that the Financial Conduct Authority (FCA) is at risk of losing the confidence of small businesses in its investigation into bank lending. The FSB has criticised the FCA’s handling of a ‘super-complaint’ it filed, specifically regarding personal guarantees requested by banks from company owners. In a letter…

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Accountant who took out three Bounce Back Loans given 12-year director ban

An Accountant who took out three Bounce Back Loans has been given a 12-year director ban by the Insolvency Service and must repay £75,000. Dion Mailich took out three Bounce Back Loans for his business – despite being only entitled to one. The Accountant applied for loans totalling £125,000 – five times the amount his…

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Business confidence rises

Latest data from the Institute of Directors (IoD) shows that business confidence in the UK economy took a significant leap forward in March. Bouncing back from the unexpectedly low confidence levels recorded in February, the key indicators suggest business leaders are returning to the more optimistic positions that they held in January. The IoD Directors’…

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Overdue invoices in Scotland hit 16-month high

The number of overdue invoices in Scotland reached a 16-month high in February, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows that business in Scotland had 428,824 unpaid invoices on their books last month – the highest monthly total since October 2022’s…

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Business confidence remains high

Lloyds Bank’s latest Business Barometer has found that business confidence remains high, with March’s figures unchanged month-on-month at 42%. In a promising sign of a return to economic growth, this month’s survey data reflects the continued confidence firms have demonstrated so far in 2024 and means the overall business confidence level remains well above the…

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Inflation hits lowest rate since 2021 – business industry reaction

Latest ONS data has found that inflation came in at 3.4% in February, well below the 4.0% reported in January. Economists had forecast a drop to 3.5%. The figures also showed that food inflation has fallen for the 11th consecutive month. Prices were up 0.6% in a month (compared to 1.1% a year earlier). Inflation…

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Half of SMEs are delaying investment until interest rates fall

New research from independent SME funder, Bibby Financial Services (BFS) has revealed that interest rates and political uncertainty are holding back many businesses from investing in the long-term business growth the economy needs. The data showed  that over half (53%) of SMEs are putting off making major investments until interest rates fall, while four in…

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Small businesses hampered by late payments dampening growth

Small firms are hampered by late payments and have dampened growth expectations for 2024, according to the Small Business Index (SBI) for Q4 2023, published in full by the Federation of Small Businesses (FSB). The report is a temperature check of small firms’ sentiment and experiences at the end of last year, and analysis of…

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Eight in ten businesses remain optimistic despite supply chain disruptions

Despite entering another year already defined by economic uncertainty, supply chain disruption and geopolitical tensions, Taulia’s global Supplier Sentiment Survey found that businesses are largely optimistic about the year ahead. The survey finds that more than eight in 10 (85%) businesses globally are feeling optimistic about the year ahead; a significant increase from 2022 when…

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Economy grows by 0.2% – industry reaction

Latest figures released by the Office for National Statistics (ONS) have shown that GDP rose by 0.2% in January following a fall in output during the previous month.. The UK’s economy grew in January, boosted by stronger sales in shops and online and more construction activity. January’s growth figure raises expectations of the economy expanding…

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