UK’s financial sector damages SME recruitment, according to Work Foundation

The UK’s financial sector is systematically failing SMEs, which could provide the greatest source of innovation, jobs and growth, according to a submission to the Independent Banking Commission (ICB) by Will Hutton executive vice chair of The Work Foundation.

His paper, co-authored with Paul Nightingale from SPRU at Sussex University, shows firms with the greatest potential for high growth are the most likely to face financial restraints on their growth. This is leading to a “discouraged economy in which innovation, investment and dynamism are stymied by a self-serving and inflexible banking sector.”

Read full article: http://www.hrmagazine.co.uk/hro/news/1019740/uks-financial-sector-damages-sme-recruitment-work-foundation

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