The financial crisis created concerns for companies worldwide in regards to bank lending. Now, the situation will be different in the UK since the UK's Enterprise Minister Vince Cable will introduce a profit tax for the banks.
The banks will be forced to increase lendings to companies, otherwise this profit tax will be introduced for the banks not willing to lend money for businesses.
The tight lendings have been going on for a long time and has resulted in that the country's growth has been stopped. Foreign investments have not been as many as before, and this is largely due to that a bank is the source for businesses to implement a foreign establishment.
The UK has been affected by the financial crisis and tight lendings but this new law will result in that more companies will be able to establish operation abroad.
The UK is and has previously been a country with a lot of potential for foreign companies. Now, the banks will most likely become more lenient with loans to companies.
It should also be mentioned that nearly 10 percent of Sweden´s small businesses state that external capital prevents them from establish operation abroad.
Cecilia Helland
Source
Swedish Federation of Business Owners - Visit them
here