The Enterprise Finance Guarantee scheme (EFGS) is designed to is to boost lending to small and medium sized businesses. We look at whether it has been sucessful.

On the face of it, the corporation tax deferment scheme sounds an extremely good idea. However, I believe it is important to question whether this policy is simply deferring an inevitable wave of company failures.

If a company is facing financial difficulty partly due to historic debts, the directors may decide the best action is to close the business. However there is nothing to stop a director starting up a new company and buying relevant assets from the liquidator to make it a going concern.