Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

UK government turns attention to SMEs

Staff Reporter 1 minute read

With the British government’s efforts to revive its flagging economy so far failing to take effect the government has announced a £21 billion (A$46 billion) plan to help small to medium sized businesses access credit.

Under the package the government will partially guarantee up to £20 billion of short-term bank lending to viable firms with revenue up to £500 million ($A1.1 billion), The Wall Street Journal reported overnight.

Speaking at a news conference business secretary Peter Mandelson said; “UK businesses are the backbone of our economy so it is vital that the government acts now. We are absolutely determined to do everything we can to support viable companies through this global downturn.”

COMMENT HERE
UK government turns attention to SMEs
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
Paul Herbert AMP Newsroom

Breaking News

AMP hires intermediary head

AMP Bank has recruited from MyState for its new head of intermedi...

Theo and Alex Shore Financial

Breaking News

Brokerage officially launches white-label loan

North Sydney-based brokerage Shore Financial has officially launc...

interest rate savings

Breaking News

More clients look to lock fixed rates than 2020

More borrowers are eager to lock in fixed interest rates than thi...