UK businesses struggling to find financial liquidity
Despite the fact that the UK government has pumped over £200 billion of taxpayer’s money into the banking system it appears that around 30% of UK companies are still finding it difficult to gain access to finance. The situation appears to have worsened over the last three months despite assumptions that the UK economy has bottomed out and is now starting to recover. So what next for the UK business arena?
The British Chambers of Commerce (BCC) is rightly concerned at the lack of liquidity in the UK financial markets at a time when UK businesses are struggling to survive. Many companies will go out of business over the next few months unless assistance does come forward in the short to medium term, assistance which will only be required for a limited period of time. Quite why the banks are prepared to put historic loans at risk rather than pump relatively small amounts of money into the economy remains a mystery to many but this appears to be the situation at the moment.
The UK government will obviously attempt to put more pressure on the UK banking sector as we approach the general election but ultimately pressure in the past has failed to materialise in the shape of increased liquidity and increased assistance.
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