UK B2B Credit Digest
Growth went direct: asset finance rose 15% and broker-introduced business grew 2%
Asset finance grew 15% in June, but direct finance rose 28% while broker-introduced grew 2%.
UK B2B Credit Digest
Bought, not broken: a motor-finance bill is redrawing who owns SME credit
A motor-finance bill put an SME bank on the block while merchant volumes fell 5.8%.
UK B2B Credit Digest
The insurer moved first: a cover cut travelled faster than any credit check
The week's sharpest risk signal about a trade counterparty came from a letter from an insurer, not a change in a credit file.
UK B2B Credit Digest
Nine hundred letters: the FCA turns to the lenders it doesn’t regulate
The FCA stepped up scrutiny of unregulated lenders the week FLA data showed non-banks writing 41% of members’ new finance.
News
Three votes to hike: the lending boom just got a higher price tag
Institutional capital committed $1.5bn to SME lending the same week the Bank signalled rates stay higher for longer.
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Sixty days, no opting out: Westminster rewrites the terms of trade credit
Westminster will legislate 60-day payment terms and mandatory interest — the biggest rewrite of UK trade credit rules in a generation.
UK B2B Credit Digest
The week Westminster widened SME credit — into an economy still contracting
Mansion House week widened SME credit supply — a £6.5bn BBB package, ten-year guarantee terms, a bank-capital review — while the private market added record facilities (Capital on Tap £750m, Funding Circle £900m). It all flows into a real economy that keeps contracting.
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More capital to lend, less economy to lend into
The constraint on UK B2B credit just moved: capital is no longer the limit on lending — underwriting judgment is.
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Credit keeps flowing, the risk keeps building
This week's UK B2B credit signal: credit supply is loosening while receivables risk is rising.