Reflections on the changing funding world

Posted Posted in Asset based finance, Banks, Bibby Financial Services, Blog, Chancellor of the Exchequer, Crowdfunding, David Postings, Economic growth, Invoice finance, Leasing, News, Non-bank lending, P2P lending, Regulation, SMEs

Some onlookers thought that 2015 would be the year when we might be able to move on from the fallout of the financial crisis, with UK banks finally forgiven for their past misdemeanours. There were positive murmurs from the Government and a clear desire to get on with the vital work of restoring trust and confidence in the financial services sector. Indeed, in his June Mansion House speech, Chancellor George Osborne spoke about the UK […]

Keep a weather eye on the global climate

Posted Posted in Bank of England, Bibby Financial Services, Blog, China, David Postings, News, SMEs

Clouds gathering over the global economy have implications for all businesses. From small wholesalers to the largest corporates, no business is fully immune to the effects of a global downturn. I’ve cautioned for some time that another economic slump could be on the horizon and there are a number of significant challenges for nations across the world to contend with. Recent ripples emanating from China have pushed this train of thought to the fore as […]

A new opportunity

Posted Posted in Bibby Financial Services, Blog, David Postings, News

Last week, I was appointed as Global Chief Executive for Bibby Financial Services. I first joined BFS in April 2012 as UK CEO and since this time I have been consistently impressed with the determination, commitment and spirit of the people within this business. In the announcement of my appointment, I commented that BFS was a progressive company with fantastic people and genuine commitment to delivering market leading service to our clients. I meant all […]

A response to “Fixing the foundations: Creating a more prosperous nation”

Posted Posted in David Postings, SMEs

The Business Secretary, Sajid Javid, recently released a plan to tackle the issue of low productivity in the UK. The 82 page report has both commendable and questionable parts but it does nothing to address the productivity puzzle and tellingly, productivity does not even appear in the paper’s title. Having reviewed the report in detail, this is my analysis of what we should keep and what we should bin. Policies to keep I’ve always said […]

The Government should avoid chasing start-up numbers and nurture aspiring businesses

Posted Posted in Bibby Financial Services, David Postings, SMEs, Start-ups

According to the Department for Business Innovation and Skills there were 5.2 million private sector businesses at the start of 2014. This reflected a record annual increase of 330,000 businesses and the first time the business population exceeded 5 million. The political and business landscape is awash with calls of support for aspiring entrepreneurs and StartUpBritain – a Government backed initiative to “accelerate enterprise in the UK” – aims to create 600,000 new start-ups this […]