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Small Business Banking - UK - October 2016

Small Business Banking - UK - October 2016

“Small business owners show a reasonable level of interest in value-added services such as access to accountancy software but few are prepared to pay extra for these benefits. However, as efforts to drive up competition in the market intensify, we can expect to see more diversified offerings emerge that will be designed to suit a range of business needs.”

– Deborah Osguthorpe, Head of UK Financial Services Research

This report examines the following issues:

Uncertainty surrounding Brexit creates opportunity for business banking providers to deepen customer relationships
A significant proportion of small business owners rely on borrowing from friends and family

TOC available on request

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