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SMEs urged to take advantage of borrowing opportunities

THE cost of UK debt has fallen to an eight-year low and SMEs should take advantage of the borrower friendly market, says business advisory firm Deloitte.

The UK’s recovery from recession has been punctuated by a series of external shocks, of which weakness in emerging markets is the latest.

A strong pound and weaker demand in emerging markets are dimming prospects for an export-led recovery – and putting greater weight on domestic demand to drive UK growth.

Against this backdrop, the UK banking market continues to be buoyant, with the availability of credit continuing to increase to nearly a seven year high and the cost of credit continuing to fall to an eight year low.

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