The latest review of business borrowing by UK Finance has revealed a staggering increase in the amount of debt firms took on in Quarter 2 of this year. The figures highlight the debt mountain businesses face repaying in 2021.
Research from Nimbla, the trade credit insurance provider finds that many businesses are still owed money from pre-COVID sales. What are businesses expectations on invoice payment in the last quarter of this year and beyond?
To close, we review a report from the National Audit Office estimates that the government could suffer a high proportion of losses on the Bounce Back Loan scheme.
0:23 Business Borrowing at Record Levels
3:12 Cost of Unpaid Invoices
4:45 Bounce Back Loan Losses
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