Small business loans are becoming harder and more expensive to get in the United Kingdom. The Financial Times (FT) reported Thursday (Dec. 29) that less than half of small business loan applications in the U.K. were successful during the third quarter of 2022. Before the...
With the U.K.’s food security at risk, SMBs can help create more resilient supply chains. The U.K.’s National Farmers’ Union (NFU) has warned that a nationwide egg shortage could soon boil over into a wider food supply crisis. Citing soaring fertilizer, animal feed and fuel...
The U.K. Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders. According to reports Monday (Jan. 13),...
U.K. Small Business Commissioner Paul Uppal will step down from the position due to a conflict of interest, according to The Times. Reports said the government has terminated its employment of Uppal following concerns raised over his involvement in an ongoing bank redress scheme, an...
July 09, 2023
British businesses are protesting new regulations to make it easier for customers to cancel subscriptions. As the Financial Times (FT) reported Friday (July 7), the broadcaster Sky and groups representing newspapers and small businesses say the government’s proposal to help consumers avoid unwanted bills for their subscriptions are too draconian. According to the report, ministers want […]
December 29, 2022
Small business loans are becoming harder and more expensive to get in the United Kingdom. The Financial Times (FT) reported Thursday (Dec. 29) that less than half of small business...
