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Comment from Hampshire Trust Bank on the latest GDP figures PDF Print E-mail
Friday, 28 August 2015

Commenting on the latest ONS GDP figures, Mark Sismey-Durrant, chief executive officer of specialist challenger bank, Hampshire Trust Bank, said:

“It is great news that business investment is up by 2.9%, showing a real uptick in business confidence and their investment in growth which will translate into a benefit for the whole economy.  Indeed recent research we undertook found that 42% of SMEs who are sitting on cash in their current accounts are doing so because they intend to invest for growth in the near future. 

“This mirrors what we are seeing day-to-day with British business leaders seeking us out to provide innovate finance solutions that support their businesses for the future.  With the recent market volatility potentially denting that confidence, it’s critical to us that we are working with businesses to create well financed sustainable growth for the long term.”

(Source - Hampshire Trust Bank Comment)

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