UK firms unsustainable debt estimated to be £70bn

UK firms unsustainable debt estimated to be £70bn

Credit Connect reports that “UK firms unsustainable debt estimated to be £70bn“ “UK firms have racked up around £70 billion worth of unsustainable debt, according to a new report from The City UK, with more than £20 billion of that coming from government-backed coronavirus loan schemes. The report shows an improved outlook for the economy, […]

Late payments trend threatening economic recovery

Late payments trend threatening economic recovery

Credit Connect reports that “Late payments trend threatening economic recovery“ “The majority (55%) of UK SMEs are being paid later as a result of the pandemic in a trend that is threatening the economic recovery, according to research by Bibby Financial Services (BFS). More than a third (36%) of SMEs have seen payment times increase […]