When compared to the UK’s country peers, we are not as productivity as other economies. To open this week’s Bulletin, we have news of the launch of the Government’s Business Basics Fund. The fund is open to bids from businesses which have ideas to help close the UK productivity gap but need finance to develop them.
The reputation of the High Street banks took a hit post Credit Crunch and to counter this, TSB has committed to a series of Lending Pledges. We take a look at the six pledges and how they are designed to reassure the bank’s business customers that they will be treated fairly.
To close this Bulletin, continued evidence coming out of how business owners remain reluctant to borrow and conditions remain tough. The latest figures from UK Finance reveal a contraction in business borrowing and other indicators show that the general trading environment remains challenging.