The coronavirus pandemic has caused a 30% loss in monthly business income for UK SMEs, according to new research from Aldermore bank.
Aldermore
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The average SME in Scotland has lost 39% of their income as a result of the coronavirus pandemic, according to new research from specialist bank Aldermore.
Former HBOS banker Damian Thompson has been appointed as Aldermore bank’s new group managing director of retail finance. Mr Thompson currently holds the role of director of mortgage and will succeed Susan Hayes, subject to regulatory approval.