Autumn statement looms large for SME finance

SMEs are very resilient of course, which is probably due to the fact they have been facing a challenging environment for the past 10-15 years. As John Phillipou, managing director of SME lending at Paragon Bank explains, this has been due to multiple events, including austerity, the Scottish Union and EU referendums, Covid, and the subsequent inflationary crisis and its legacy.This may explain why the latest Small Business Index compiled by the Federation of Small Businesses ( FSB ), has declined in recent ...