This Business Finance Bulletin episode is devoted to one topic, being support offered to UK businesses struggling from the ongoing CV crisis.
Businesses are starting to see the change in circumstances negatively impact on sales and cashflow. To open, we look at support measures the government and the Bank of England have announced to ensure a steady supply of finance. The actions will free up significant amounts of cash for banks to on-lend.
Turning to the High Street banks, we review what the major banks are offering their customers by the way of support packages. Will all businesses be able to access funds though?
Closing the Bulletin, we share tips on how you can help yourself by managing and being in control of your cashflow. Swift action could keep you on the right side of solvency.