Tag: Recession
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The importance of credit skills in banking during a recession
As financial decline looms over the UK following the most severe business disruption we’ve seen for many years, it now appears to be clear that we are heading for a nationwide recession. While this will prove to be a challenging period for the majority of businesses, banks find themselves in a rather unique position where…
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COVID-19 Recession: The importance of adopting an agile mindset
In the last week, the Chancellor Rishi Sunak has all but confirmed the fears of businesses and SMEs across the UK by warning that the UK faces a ‘significant recession’ as a result of the coronavirus outbreak. The recent figures state that the UK’s economy has shrunk by 2% in Q1, and GDP was down…