In the latest episode of the Business Finance Bulletin a look at the latest statistics from the Bank of England on how much money UK businesses are borrowing from banks. Once again it’s small businesses which are coming out on top.
There’s news of a partnership between Barclays Bank and the UK Business Angels Association with the announcement of mentorship and growth advice service for High Growth businesses based in Birmingham.
Efforts to tackle late payment have been high on the UK government’s agenda but in an ironic twist of fate the government is now late in launching a ‘name and shame’ programme promised as part of the Small Business Enterprise Act.
With HMRC looking for every penny it can lay its hands on we share a warning from accountancy firm UHY Hacker Young that small businesses are vulnerable to coming under HMRC scrutiny.
In the Business Finance Tip of the Week, a question you should ask your bank manager if they have said ‘no’ to your finance request.