new era

Financial Choices Vital in “New Era” for Business

With the CBI this week unveiling its vision for a “new era” for businesses, times will undoubtedly change for UK firms says Edward Rimmer, chief executive at independent invoice financier Bibby Financial Services. “Businesses have been scarred by the financial situation they have found themselves in, be this frustration with accessing credit, the knock-on effect of suppliers going into administration or indeed the ongoing problem of late payment. “New regional banking institutions, as the CBI has suggested, would indeed go some way to helping businesses on a local level for example, and enable new sources of credit to be accessed by more firms. “But it is easy to see how a new generation of entrepreneur will rise from the recession, taking fewer risks, managin... »