Written Question·Department for Business and Trade·UIN 50043
Small Businesses
Tabled: 2 May 2025
Answered: 12 May 2025
Question
James McMurdock
Independent — South Basildon and East Thurrock
To ask the Secretary of State for Business and Trade, what recent assessment he has made of the long-term resilience of small businesses in (a) England and (b) Essex.
Answer
Gareth ThomasBusiness cash levels have been resilient and have strengthened since the pre-pandemic and pre-referendum periods. According to figures published by BVA BDRC, in Q1 2025, 29% of SMEs were holding over £10,000 in credit balances compared to 23% in 2018 and ...
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