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September 2017

The latest news from Hampshire Trust Bank

Businesses and households across the country may feel their finances are being squeezed as inflation climbs. However, with GDP increasing so far this year, albeit fairly marginally, there are still positive signs of growth and this should fuel optimism in the longer term.

 

According to the latest figures from the Office for National Statistics (ONS), inflation increased to 2.7% in August, equal to the figure in May this year, a five year high. At the same time, the ONS reports that GDP increased by 0.3% between Q1 and Q2 2017.

 

While we understand that inflation is a concern, we believe the fact that we are still achieving GDP growth, following the turbulent events of the past year, is a cause of optimism and shows the strength of UK SMEs, the engine room of the economy.

 

As we look towards 2018, we need SMEs to feel confident about their business growth plans in the longer term.

 

In order to do this, the Government must do everything it can to increase political and economic certainty and create a positive environment that cultivates business growth.

 

As a specialist bank we also have a role to play in ensuring the businesses in our chosen sectors have access to the finance they need to make the most of future opportunities.

Mark Sismey-Durrant

Chief Executive Officer at Hampshire Trust Bank

View from the top

As a specialist bank that is focused on supporting SME housebuilders it is frustrating to hear that access to finance is perceived as a barrier to growth for many.

Expert opinion

Our CEO talking about the fall in productivity levels and the impact this could have on longer-term GDP in this article on Specialist Banking.

IN THE NEWS

Our Asset Finance team has been shortlisted in two categories of the Leasing World Awards 2017.

This Mortgage Introducer articles highlights the broker documentation we have created ahead of the implementation of the new PRA underwriting standards.

This Global Banking & Finance Review article focuses on the appointment of Robert Sharpe as our new Chairman, subject to receiving regulatory approval.

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©2015 Hampshire Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. Our FRN number is 204601. We are a company registered in England and Wales, registration number 01311315. Registered office: 55 Bishopsgate, London EC2N 3AS. Hampshire Trust Bank, HTB and Hampshire Trust Bank shutter icon are registered trademarks of Hampshire Trust Bank Plc.