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Credit Tightening Is Strangling U K Businesses

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Cash flow troubles hitting firms' growth

High street banks’ lack of flexibility is curbing business growth, firms have been warned.
Bristo- based funding and financial management solutions provider Ultimate Finance has said that recent research from the Small Business Research Trust and the British Chamber of Commerce (BCC) predicting a slowdown in business growth is indicative of the obstinacy of traditional high street banks in the midst of tougher trading conditions....../
As a result of tougher conditions, Ultimate Finance said the country
has seen increases in business failures
– with two- and three-month old start-up companies being the most vulnerable – which it says is evidence for why banks should consider options such as increasing overdrafts for companies in need of help.

Japanese tightening working its way through the system no doubt. Not good for Gordon's Miracle Economy, not good at all. :( With unemployment up again today small business failures are just going to add to the pain.

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It is possible though that the demise of very young buisnesses is caused by people who start buisnesses and after 2 or 3 months they realise that red tape either stops them doing what they wanted to do, would remove all profit from the buisness, or is too much hastle. The banks and the red tape could combine meaning the level of cash needed to start a buisness in some field is an amount greater than banks are prepared to lend them (due to requirements for helmets, saftey equipment, or vastly more expensive machinery which infact don't contribute anything to anyone except in theory).

There has been a lot of daft laws created recently.

Edited by Della

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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