Reflections on the changing funding world

Posted on 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 […]

Why P2P lending is not a silver bullet

Posted on Posted in David Postings

The myth of the P2P panacea I am in favour of anything that increases choice and enables the UK’s SMEs to access the funding they need to grow. The peer-to-peer (P2P) lending market has grown substantially since the first provider, Zopa, arrived in the UK in 2005, with the market surpassing the £1 billion funds advanced mark by the end of last year. To be clear, this is the total of all loans and not […]

The unintended consequences of the ‘Brexit’ spectre

Posted on Posted in Uncategorized

My last blog looked at the Queen’s Speech and explored some of the uncertainties that arose from this landmark announcement. Since then the Government has announced the exact wording of the EU Referendum Bill. The question will be: ‘Should the United Kingdom remain a member of the European Union?’ For many small businesses up and down the country, the answer will be a resounding ‘yes.’ In May we spoke to a thousand small and medium […]