If we can remove SME fear of funding rejection, we can release the brakes on the UK economy

Issued on 22 January, the latest Bank of England ‘Trends in Lending' report clearly showed the divide that still exists between large and small companies when it comes to borrowing money. But according to FundingKnight CEO Graeme Marshall, years of being turned down for finance has resulted in the hesitancy of smaller companies to borrow money. This seems to holding back the UK economy.

Supermarkets could soon be fined 1% of their annual turnover for supply chain bullying

Last month a number of large companies including Premier Foods were identified and criticised by the Federation of Small Businesses (FSB) for supply chain bullying. In fact, almost one in five small businesses had been subject to some form of poor payment tactics, with five per cent having experienced the so called ‘pay to stay' practice used by Premier Foods. But the UK government has now made the first move to fining such businesses.