Douglas Grant (pictured), Group CEO of Manx Financial Group PLC, comments on the fall of CPI inflation and its impact on SME finance.
“Amidst concerns that the Bank of England may be encouraged to again raise interest rates, today’s unexpected fall in CPI inflation is positive news. The business sector is not out of the woods yet and as SMEs account for around half of all private sector turnover in the UK, we need more innovative measures to ensure their survival. It is more important than ever that SMEs take this as a reminder to review their existing lending structures and ensure they remain ahead of the storm.
