According to a recent study by the British
Chambers of Commerce, the BBC found that some 33% of
companies have found it difficult to access
finance during the last three months.
Motor Trader and Baker Tilly canvassed
car dealers in the UK.
According to the
vehicle finance study, over a third of dealers found that a
lack of available
car finance had caused the annual declines in
car sales, whilst 66 per cent believed lack of demand to be the
reason.
Speaking about the situation for companies throughout the economy,
BCC director general David Frost reportedly commented: Our
latest survey results show that the biggest issue facing British
businesses is still demand for products and services. This
means that any economic recovery is still fragile. It is clear that
the huge sums that have been injected into the
financial system by
quantitative easing are still not reaching small and
medium-sized businesses in anything like the scale required for
business to
invest for future success.
