Harnett Accontants

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Accountancy

Harnett Accountants Chiswick – Business Bank Will Need £40bn

Harnett Accountants Chiswick brings you this report from the BBC Business News website, claiming that the government’s business bank idea could take up to £40bn to work.

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Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

Key Considerations

“The government-backed “business bank” planned by Business Secretary Vince Cable will need £40bn to successfully boost lending to UK firms, says the think tank IPPR.

It says the bank must also be able to tap bond markets for up to £100bn.

The IPPR also suggests the government allow the bank to invest in infrastructure projects such as road building to help reflate the economy.”

If you need advice about raising finance for business investments or business startups, please contact Harnett Accountants Chiswick and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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