Following on from my interview on CNBC, I came under fire with some criticism for suggesting the banks and the government is failing small business with access to affordable finance.
Today the British Chamber of Commerce announced in its latest monthly report that:
- 33% of companies said access to finance was more difficult over the last three months, is is up 13% on the previous quarter;
- 3% reported improved access to finance – a drop from 6% a quarter ago.
This shows how fragile the SME community is in terms of long term planning and business survival – a damning situation for banks and the government alike.
Read on @ British Chamber of Commerce.
