UK SMEs face investment challenges due to high interest rates, seeking better tax incentives and easier financing.
Small and medium-sized enterprises (SMEs) in the UK face challenges due to the Bank of England's 5% interest rates, hindering investment and growth. A recent survey by Bibby Financial Services shows increased business confidence post-election, with 68% expecting sales growth. However, 87% of SMEs seek better tax incentives, and 81% want easier access to low-interest financing. Concerns persist over potential tax hikes and a complex finance landscape, prompting calls for government support.
September 19, 2024
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