SME's hoarding cash

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 SMEs hoarding cash

Britain"s smaller companies are hoarding cash and cutting investment, according to Lloyds Banking Group, which says concerns over Brexit and a potential economic slowdown are leading SMEs to be more cautious. Lloyds’ biannual survey found that companies with revenue of less than £1m pounds expect to invest an average of 21,690 pounds in their businesses in the next six months – a fall of 74% compared with July. Meanwhile, a separate survey by specialist lender Aldermore found a fifth of companies said they missed an opportunity to expand their business because of a lack of available finance.

London South East (03/03/2017)    

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