The long awaited final report from the Competition and Markets Authority on the UK banking sector has been released. The recommendations for changes in the way banks interact with small businesses has not been the bombshell many were hoping for. We look at the recommendations and how SMEs could benefit.
Hot on the heels of the recent cut in interest rates designed to boost demand for finance, what is the appetite to borrow money amongst SMEs? We review the findings from a recent EEF survey which reveal that actions from the Bank of England to encourage businesses to borrow may fall on deaf ears.
Business owners were disappointed last year when the government announced changes in the way dividends are taxed (less money in your pocket of course!). A review carried out by accountancy firm Moore Stephens has highlighted a consequence of this change in taxation which could have a negative impact on much needed growth plans.