With the 2018 Budget behind us we open this Bulletin by looking at finance-specific measures. The British Business Bank, the home to the government finance raising schemes, received several boosts from the Chancellor with the aim of securing business access to finance, particularly post-Brexit.
Earlier in 2018 we looked at the launch of Open Banking and how it is going to revolutionise applying for and controlling finances. How useful Open Banking is going to be is highlighted by the announcement from Iwoca that it has agreed a link up with Lloyds which will speed up access to finance.
To close this Bulletin, we review the latest quarterly statistics from the Insolvency Services. The Quarter 3 figures make gloomy reading with the number of businesses entering into an insolvency arrangement reported as on the rise.