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Increase in Take up of Invoice Finance and Asset-Based Lending

New figures released by UK Finance have revealed a 5% increase in invoice finance and asset-based lending in 2017, taking the total to £23.4 billion at the end of the year. The number of clients using this form of business funding remained stable at around 42,000. 

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Concerns over Future of Family-Run Businesses

Owners of family-run businesses are concerned about their companies’ future, new research has revealed, with 29% of those operating a family business worried their company will die out when they retire. 

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Business Confidence Remains Steady

The latest Business Barometer from Lloyds Bank Commercial Banking has revealed that business confidence – an average of business prospects and economic optimism - in February has slightly decreased from 35% to 33%. However, this remains above the long-term average of 32%. 

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Protecting Company Directors from Fraud

The UK Government has introduced new laws that it says will protect company directors from identity fraud and personal harm. 

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Calls for Tougher Prompt Payment Code

The collapse of Carillion has led the Federation of Small Businesses (FSB) to call into question the effectiveness of the Prompt Payment Code (PPC) and raise the need for urgent reform to successfully tackle the UK’s late payment epidemic. 

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