Getting the financial system working efficiently again is essential for kick-starting the economy

In response to yesterday’s downward revision of growth expectations, Hiba Sameen argues that growth is most likely to come from precisely those start-ups and new SMEs that are currently struggling to access finance. Unless the Government can get the financial system working effectively, so as to allocate capital in a manner which facilitates innovation, it is unlikely that the ‘aspiration nation’ will come into being.