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.

Credit crunch starting to affect UK small companies

Staff Reporter 1 minute read

UK entrepreneurs and smaller business owners are starting to feel the squeeze of tighter credit, though the impact on economic activity still looks limited according to a statement issued by the Confederation of British Industry (CBI) last Sunday.

UK entrepreneurs and smaller business owners are starting to feel the squeeze of tighter credit, though the impact on economic activity still looks limited according to a statement issued by the Confederation of British Industry (CBI) last Sunday.

According to CBI chief economic adviser Ian McCafferty, “the credit crunch has not caused funding to small firms to dry up… however a minority are feeling the pinch and have started to scale back business plans whilst more expect the situation to worsen.”

12 per cent of firms surveyed had already experienced deterioration in the availability of capital; 22 per cent expected some constraint over the next three months; and 31 per cent over the next 6 to 12 months.

 

Credit crunch starting to affect UK small companies
default
TheAdviser logo
default

 

more from the adviser
mortgage payments money Quiet January period hammers mortgage activity

NSW has led the states in a steep fall in mortgage market activit...

cars ta Nodifi expands into novated leasing

The asset finance platform has released a novated leasing service...

handshake 2 AFG adds specialist lender to lender panel

The aggregation group has appointed a specialist lender to its as...

FROM THE WEB