New research revealed that during the current economic climate, 26% of businesses with an annual turnover of £1 million are holding £4.65 billion in cash as a result of cancelling or postponing business projects.
The study, conducted by Investec Bank, calculated that the average amount of money on hold as a result of this is £86,020 per firm. It warned that this money would be receiving low returns and would deliver gross annual interest of just £576. But if the money was deposited into a market leading account, businesses…
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