Small businesses get little help from UK banks

While an increasing number of small businesses in UK are suffering the consequences of the economic decline there are heated debates over the role of UK banks. In spite of the promises several weeks ago, it is obvious that small businesses cannot cope with a low liquidity in the UK banking realm.

No one argues that UK banks are still concerned about the future of the UK economy in the nearest future. Consequently, the liquidity in the small business arena dropped to such an extent that many businesses are at risk of bankruptcy, having no excess to sufficient lines of credit. This comes just several months after billions of pounds were pumped into the money markets.

As the UK economy is getting prepared for one more stormy period, it is highly unlikely that the UK businessmen will notice a substantial increase in liquidity in the small business loan arena.



The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.