Tag Banks


Banking – Quote of the Week

Banking – Quote of the Week

“A bank is a place that will lend you money if you can prove that you don’t need it.” Although this is a joke that is over fifty years old by the excellent US comedian Bob Hope, it is also completely true and now more so than ever. Small business owners simply cannot rely on…

UK: Sharp drop in bank lending

UK: Sharp drop in bank lending

The Bank of England announced last week that their figures for April showed lending figures dropping sharply in the biggest fall since December. Business lending was down £3 billion and small business lending was down by £660 million. These figures are particularly disappointing for small businesses because the government are supposed to be doing everything…

Will the UK economy handle another shock?

Will the UK economy handle another shock?

This economic recovery seems to be particularly fragile in the UK, despite it now being five years since the original crash. The stock market jitter last week served as a reminder that it probably would not take much to derail the economy once again. We can’t predict where the next shock will happen – it…

Banking for Small Businesses in 2013

Banking for Small Businesses in 2013

If you’re like most small business owners, on any given day you have to-do list as long as your arm. Taking care of the bottom line and getting your banking right is a top priority, but with so many demands on your time, the last thing you want to do is spend hours in your…

Enterprise Rockers Launch Mentoring Scheme for Bankers and Politicians

Enterprise Rockers Launch Mentoring Scheme for Bankers and Politicians

I am one of the “Head Roadies” of the Enterprise Rockers and I’m pleased to announce that we will be offering a free mentoring scheme for any bankers or politicians. Bankers and politicians have not got a clue about what is required to run a micro business. If they knew what they were doing the…

UK: Bank of England lending scheme to continue

UK: Bank of England lending scheme to continue

The much maligned Funding for Lending Scheme (FLS) that began last August in the UK under the guidance of the Bank of England was due to end in January 2014, but today it was announced that it would be extended by another year until 2015. The Bank of England has come under fire since the…

It’s those banks again!

Recently I was looking to open a business bank account for a new venture I’m looking to start- so I thought I would do the rounds with the banks to see what was on offer. I’m not going to name names here, but I was actually quite shocked at what I found. I went in…

If you need a bank or government to start a business, don’t do it!

I my opinion, the business world, seen through a SMB/SME looking glass, has never been more cynical in my lifetime. Banks pretend to offer loans, they never hand out. Now they even offer business advice (they certainly should know what NOT to do) in an attempt to show support for small business. Many of my…

UK Economy in “Fragile Recovery”

The UK economy grew by 0.5% in Q1 of 2011 – apparently reducing the risk of a double-dip recession. Different sectors have grown at different speeds, the manufacturing sector is doing very well, while others are struggling to make any gains. Bank lending to the SME sector has fallen again, which makes you wonder. Manufacturing…

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