UK Finance today releases its latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs) in the fourth quarter of 2024 and the year as a whole.

Whilst there has always been a need for banks to manage regulatory requirements alongside growth ambitions, it has never been as stark as in the current environment.

Responding to recent correspondence from parliamentarians on the role of financial services in supporting the UK defence sector, UK Finance chief executive David Postings and chair Bob Wigley have has sent the following letter.