A blog by Martin Williams, external affairs spokesman of Graydon UK, focusing on business risks - from fraud to late payment. Martin has has spent the last 35 years in the credit information industry, and has been with Graydon UK, one of the top five commercial credit agencies in the UK, for the last 20. Apart from his PR duties, he teaches credit analysis to risk professionals and helps educate SMEs on the importance of maintaining a good credit rating. Martin is a Fellow of the Institute of Credit Management and is a sitting member of the Institute's Think Tank. He was also honoured by Credit Today, after being included on their Credit 100 list of people who have had the greatest impact in the credit industry during 2008, 2009 and 2010.
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16 Mar 2009
Some upbeat news from Barclays today about its strong start to the year, and shares on the London Stock Exchange move up nicely.
Some say that until confidence is restored in our banking system, there will be no escape from the economic downturn that is gripping the nation, and I subscribe to this view too. So, the news from the Forum of Private Business today saying that small businesses are still seeing a deterioration in the bank lending environment ( i.e. delays in banks responding to loan requests....service charge hikes....loan rejections etc) leaves me in two minds. If the banks hang tough while small businesses suffer in the short term, many people will be out of a job as a result, and liquidations on the Graydon database will rise.On the other hand, if the banks start to reveal much stronger financial results due to their hard headed tactics, the positives emanating from the news might help pick up the general economy faster. Hmm, there's a conundrum.
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