At the end of June, UK Finance, the trade body of the UK banking industry, unveiled a survey of 18,000 small and medium-sized enterprises, which produced the happy finding that most are succeeding in accessing finance from banks, with 80% of applications being approved by lenders.
That’s supposed to be the good news. But it might be the bad.
These companies have more than access to credit on their minds. Stephen Pegge, managing director, commercial finance at UK Finance, admits: “This survey suggests many small businesses across the country are increasingly concerned about the ongoing uncertainty over Brexit.
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