According to George Osbourne, the Government is ready to underwrite up to £40 billion in lending to cash-strapped businesses in an attempt to kick-start Britain's flagging businesses (see today's Independent)
This is great news and even better that the Government appreciate that small businesses are an integral part of the economy.
According to the Telegraph, they say he said that he would use "every tool at our disposal" to get the economy going again, without jeopardising the UK's triple A credit rating
Whilst here at Ernest Wilsons, we are still seeing plenty of businesses selling, the lending market is a big part of getting the selling market moving as there are plenty of people who want to buy or start a business, however funding can be an issue and despite the banks promises to loosen their belts, we have seen little evidence of this.
Watch this space!
for more information on Ernest Wilson Business Agents, visit www.ernest-wilson.co.uk
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