
£90bn lending gap for small businesses ‘is holding back UK economic growth’
A £90 billion lending gap is stifling UK small business growth, with SMEs discouraged from borrowing due to a shift towards low-risk, property-backed loans, new research…
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

A £90 billion lending gap is stifling UK small business growth, with SMEs discouraged from borrowing due to a shift towards low-risk, property-backed loans, new research…

Chancellor Rachel Reeves to review the UK’s low-value import tax loophole, targeting cheap goods from China and aiming to protect British retailers from unfair competition.

Chancellor Rachel Reeves rules out lowering UK food and vehicle import standards, including chlorinated chicken and hormone-treated beef, ahead of US trade negotiations in Washington.

Made Smarter unveils a £1M funding round for SME manufacturers in the North West, offering grants and expert support to boost digital transformation and productivity.

British Steel halts plans for up to 2,700 redundancies at its Scunthorpe plant after emergency government intervention secures operations and raw material supply.

UK government borrowing hit £151.9bn—£14.6bn above forecast—piling pressure on chancellor Rachel Reeves to raise taxes or cut spending to meet her fiscal rules.

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Manychat raises $140 million in funding led by Summit Partners to expand globally and enhance its AI-driven customer engagement platform used by over a million businesses…

OBR warns 8.3 million people will pay more tax by 2029-30 due to frozen thresholds, as fiscal drag quietly raises the UK’s tax burden to its…

Fuel Ventures leads £3 million investment in climate-tech firm 51toCarbonZero to expand its AI-driven platform and support international growth across the UK, Europe and the US.

New research reveals UK small businesses are using AI to boost efficiency, with productivity gains of up to 133%. From marketing help to rota planning, AI…

TUC’s Paul Nowak defends the Employment Rights Bill, dismissing claims it will damage economic growth. He says better job protections are vital to ending low-paid, insecure…

The pound hits a seven-month high and gold soars above $3,500 as investors flee stocks amid fears over Trump’s escalating attacks on the US Federal Reserve.…

Britain plans major expansion of weapons manufacturing to reduce dependence on US and French imports amid rising global tensions. BAE Systems leads efforts with new explosive…

Gatwick Airport was the UK’s least punctual in 2024, with flights delayed by over 23 minutes on average. Air traffic control issues cited, as other UK…