The Bank of England’s interest rate cut earlier this month from 4.5% to 4.25% was welcome news but industry experts shared words of caution for SME’s. With business costs rising and continued global uncertainty they warned that the future path of interest rates is still uncertain.
As companies navigate though the coming months, insolvency expert James Burgess who is Head of Commercial at Atradius UK suggested, “Businesses should stay focused on liquidity, reinforce supply chains, and protect cash flow through trade credit insurance to remain resilient and ready to seize new opportunities.” That message holds true for business everywhere.
