Today, the Financial Inclusion Commission, in collaboration with Money Advice Trust, have launched a paper focusing on the problems faced by small businesses which have been accelerated by the coronavirus pandemic.
The coronavirus pandemic has served to accelerate the problems faced by small businesses: getting insurance for income continuity; accessing affordable credit; digital access; late payments and payment deferrals. Small businesses are operating in a more uncertain economic landscape.
Urgent intervention is needed to assist this hugely important sector of the UK economy to recover, innovate, create jobs and employment, and rebuild in a financially resilient way.
You can find the paper here.