Unwillingly footloose entrepreneurs

February 5th, 2019 § 0 comments

Via Daniel Davies, a side-effect of the UK housing crisis I hadn’t thought of: it’s screwing small business startups.

Business loans in the UK have, apparently, tended to be secured by re-mortgaging the founders house. That kluge has worked moderately well — entrepreneurs have typicallybeen white men in the forties, often with professional experience. These are people who, in the past, have been…

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