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Comment from RateSetter Finance: Fall in UK Productivity
Nosedive in bank lending to businesses exacerbated fall in UK productivity
The latest figures from the Office for National Statistics (ONS) reveal that output fell by 0.5% in Q1 2017, the first quarterly setback since the end of 2015. UK productivity is now back at pre-financial crisis levels.
Commenting on the figures Paul Marston, Managing Director of RateSetter Commercial Finance, said: “It is no wonder productivity has fallen over the last decade, given that the banks have cut off lending to small businesses which are the powerhouse of the economy.
The good news is that credible alternatives to the banks have now become significant and accessible sources of finance for small businesses and momentum is continuing to grow. We are passionate about supporting ambitious businesses to invest, raise their productivity and grow.”
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Instant Payments and the Proliferation of QR-Driven Transactions
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Sustainable Growth and Building Strategic Capability in Digital Transformation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank
Sygnum, a global digital asset banking group, today announced it has become the first Swiss regulated bank to use an AI agent to test live digital asset market transactions, with the client retaining custody, consent and control at every step. This is the latest initiative from AI@Sygnum which leads the development, integration and governance of agent-driven workflows across the group globally.
CMC Markets Launches Spectre Trading Account for Retail Clients
CMC Markets (“CMC”), a FTSE 250 company and global leader in multi-asset online trading and investing, has launched Spectre for retail clients, following strong demand after the product was initially introduced for professional traders.
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Ingenico, a global leader in payment acceptance solutions, and Arrive, a leading global mobility platform, today announced a strategic partnership to deliver reliable, seamless payment experiences for on-street parking and transport ticket vending machines across more than 30 countries worldwide.
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