Firms taking on new borrowing has doubled this year, survey finds

Read the original at Evening Standard ↗
Evening Standard · collected 2026-10-11 · by Anna Wise

Quick Summary

According to a survey of over 1,000 UK business leaders, borrowing among firms has doubled this year due to cost pressures and increased tech spending. The study reveals that 82% of businesses are focused on reducing costs, while 79% prioritize cash flow and liquidity. James Cundy from HSBC UK notes that investment in technology and workforce skills is driving much of the new borrowing demand.
Written locally by qwen2.5:14b on 2026-10-11, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

The latest survey by HSBC UK indicates that UK businesses have doubled their borrowing this year, primarily due to cost pressures and investments in technology. The survey, which polled over 1,000 business leaders, found that 82% of firms are focusing on reducing costs while 79% prioritize cashflow and liquidity. James Cundy, head of mid-market corporates at HSBC UK, noted that many businesses are borrowing to manage ongoing cost pressures and invest in productivity improvements through technology and workforce skills. Additionally, some companies are using borrowed funds for mergers and acquisitions aimed at strengthening their market position.

Written for “Business Borrowing Surge” on 2026-10-12, grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 72888 · logged 2026-10-11

Signals How these are calculated →

Claims extracted
10
claim-shaped sentences
Uncertain
30%
3 of 10 hedged
Leaning
not political
takes no side on a contested political question
Correction & hedging signals
66.8
corrections and hedging in what we collected; not a measure of accuracy
Outlets on this story
1
Economy/Business
Narrative spread
1
articles carrying this framing
Analyzed 2026-10-11 · how these are computed

Story

📰 Business Borrowing Surge
Economy/Business · 1 article(s) covering the same event.

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Compared with similar articles

Nothing to compare against. No article is close enough to this one for the pipeline to have linked or judged the pair.

Publisher

Evening Standard · 4585 article(s) · 37 correction(s) detected
Running correction rate · 37 correction(s)
2026-10-11
UK economy set to contract after strong start to summer, say experts
2026-10-09
Fact check: Free bus travel scheme and video of women queuing
2026-10-08
Tottenham injury update: Latest return dates before Manchester United after new double scare
2026-10-08
Manchester City injury update: Erling Haaland, Nico O'Reilly and Antoine Semenyo latest news and return dates
2026-10-08
Manchester United injury update: Kobbie Mainoo, Marcus Rashford, Benjamin Sesko latest news and return dates
2026-10-08
Arsenal injury update: Ezri Konsa, Christos Tzolis, Kai Havertz latest news and return dates (cloned)
2026-10-08
Chelsea injury update: Cole Palmer, Moises Caicedo, Joao Pedro latest news and return dates
2026-10-08
Liverpool injury update: Alexander Isak, Cody Gakpo, Jeremy Jacquet latest news and return dates
2026-10-06
Arsenal injury update: Ezri Konsa, Christos Tzolis, Kai Havertz latest news and return dates
2026-10-06
Chelsea injury update: Moises Caicedo, Joao Pedro, Cole Palmer latest news and return dates
2026-10-05
Liverpool injury update: Alexander Isak, Cody Gakpo, Hugo Ekitike latest news and return dates
2026-10-05
Manchester United injury update: Marcus Rashford, Benjamin Sesko, Kobbie Mainoo latest news and return dates
2026-10-05
Tottenham injury update: Micky van de Ven, Jan Paul van Hecke, Pedro Porro latest news and return dates
2026-10-05
Arsenal injury update: Christos Tzolis, Kai Havertz, Declan Rice latest news and return dates
2026-10-05
Chelsea injury update: Joao Pedro, Cole Palmer, Moises Caicedo latest news and return dates
2026-10-02
Arsenal injury update: Christos Tzolis, Declan Rice, Kai Havertz latest news and return dates
2026-10-01
Manchester United injury update: Bruno Fernandes, Marcus Rashford, Kobbie Mainoo latest news and return dates
2026-09-28
Arsenal injury update: Martin Odegaard, Declan Rice, Kai Havertz latest news and return dates
2026-09-28
Arsenal injury update: Kai Havertz, Declan Rice and Piero Hincapie latest news and return dates
2026-09-28
Manchester United injury update: Bruno Fernandes, Marcus Rashford, Kobbie Mainoo latest news and return dates
2026-09-28
Liverpool injury update: Alexander Isak, Cody Gakpo and Hugo Ekitike latest news and return dates
2026-09-27
Chelsea injury update: Cole Palmer, Joao Pedro, Reece James latest news and return dates
2026-09-24
Arsenal injury update: Ben White, Cristhian Mosquera, William Saliba latest news and return dates
2026-09-24
Chelsea injury update: Joao Pedro, Cole Palmer, Reece James latest news and return dates
2026-09-21
Chelsea injury update: Joao Pedro, Reece James, Moises Caicedo latest news and return dates
2026-09-21
Arsenal injury update: Ben White, Cristhian Mosquera and William Saliba latest news and return dates
2026-09-21
Tottenham injury update: Pedro Porro, Dejan Kulusevski and Mykhailo Mudryk latest news and return dates
2026-09-21
Manchester United injury update: Benjamin Sesko, Carlos Baleba, Amad Diallo latest news and return dates
2026-09-21
Liverpool injury update: Hugo Ekitike, Conor Bradley, Federico Chiesa latest news and return dates
2026-09-17
Tottenham injury update: Sandro Tonali, Pedro Porro, Dejan Kulusevski latest news and return dates
2026-09-17
Liverpool injury update: Hugo Ekitike, Federico Chiesa and Giovanni Leoni latest news and return dates
2026-09-17
Man Utd injury update: Luke Shaw, Amad Diallo, Carlos Baleba latest news and return dates
2026-09-17
Arsenal injury update: Jurrien Timber, Ben White, Cristhian Mosquera latest news and potential return dates
2026-09-17
Chelsea injury update: Joao Pedro, Moises Caicedo and Marco Palestra latest news and return dates
2026-09-16
Chelsea injury update: Joao Pedro, Reece James, Moises Caicedo latest news and return dates
2026-09-11
Liverpool injury update: Bradley Barcola, Cody Gakpo, Milos Kerkez latest news and return dates
2026-09-10
Chelsea injury update: Levi Colwill, Moises Caicedo and Marco Palestra latest updates and return dates

Who wrote this

Anna Wise
47 article(s) here · 1 carrying a prediction
🔮 James Cundy, head of mid-market corporates at HSBC UK, said “some businesses will have borrowed to manage ongoing cost pressures”, with cost management and liquidity remaining “priorities” for management teams.
🔮 The ICO said this could be the “tip of the iceberg” with there likely to be many more incidents that are not being reported.
🔮 EY estimates the Chancellor’s fiscal headroom has narrowed from £23.6 billion in March to £11.3 billion, and may be wiped out if the Iran war continues to restrict energy supply, push up inflation and way on growth.
🔮 Around half of the wealth division’s management and specialist roles are expected to be cut, while its financial advisers will be reduced by up to around 70%, the Financial Times (FT) reported, citing an anonymous source familiar with the plans.
🔮 Sue Young, the Gambling Commission’s executive director of operations, said: “We would advise all premises-based operators to take a careful look at this case and ensure their own business is not making the same mistakes and, therefore, they do not face costly and inevitable commission action.”
🔮 Around half of the wealth division’s management and specialist roles are expected to be cut, while its financial advisers will be reduced by up to around 70%, the report said.
🔮 The energy giant told investors it was forecasting integrated gas production to be between 740,000 and 780,000 barrels of oil equivalent per day (BOED) between July and September.
🔮 The energy giant told investors it was forecasting integrated gas production to be between 740,000 and 780,000 barrels of oil equivalent per day (BOED) between July and September.
🔮 In “exceptional circumstances”, such as where there are significant concerns about food security or risks of social unrest, support may need to extend beyond the poorest households, it said.
🔮 The so-called electricity margin notice sends a message to the electricity market that the operator would like a greater safety cushion, or margin, between power demand and supply for a limited period.
Also by Anna Wise
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 47 articles by Anna Wise →

Topics

HSBC UK

Subjects

HSBC UK ORG · 1× James Cundy PERSON · 1×

Narrative

The latest UK gross domestic product (GDP) figures showed the AI spending boom was a key driver of growth in July, with many of the businesses recording the largest turnover identified as being involved in activities relating to AI and cloud computing.
framing: mixed · carried by 1 article(s) · first seen 2026-10-11
🔮 James Cundy, head of mid-market corporates at HSBC UK, said “some businesses will have borrowed to manage ongoing cost pressures”, with cost management and liquidity remaining “priorities” for management teams.
2026-10-11 · Evening Standard
Firms taking on new borrowing has doubled this year, survey finds · mixed framing

Claims (10 extracted, 3 hedged)

The proportion of UK businesses borrowing money has doubled this year, as firms source funding to alleviate cost pressures and boost tech spending, a survey suggests. uncertain
survey → borrow → spending
The survey of more than 1,000 leaders at UK businesses signals that demand for lending has jumped this year. asserted
demand → signal → lending
The bank’s survey showed 82% of businesses identified reducing costs as a strategic priority, with and 79% prioritising cashflow and liquidity. asserted
% → show → cashflow
James Cundy, head of mid-market corporates at HSBC UK, said “some businesses will have borrowed to manage ongoing cost pressures”, with cost management and liquidity remaining “priorities” for management teams. asserted
management → say → teams
But he said: “Evidence suggests that investment is becoming an increasingly important driver of borrowing demand. uncertain
investment → say → demand
“We’re seeing many businesses focus investment on productivity improvements through technology and workforce skills, while others are using finance to pursue consolidation opportunities and strengthen their market position.” asserted
others → see → position
Firms targeting growth were more likely to take on new finance and to use the funds for mergers and acquisitions, according to the research. uncertain
Firms → target → research
Digital technology, research and development, product launches and expansion into new markets were the top planned uses of finance for the wider business population. asserted
technology → plan → population
Read More Recent businesses surveys have regularly shown investment into advanced technology like AI as bright spots in an otherwise challenging backdrop for businesses. asserted
surveys → read → businesses
The latest UK gross domestic product (GDP) figures showed the AI spending boom was a key driver of growth in July, with many of the businesses recording the largest turnover identified as being involved in activities relating to AI and cloud computing. asserted
many → show → AI
💬Give feedback
🕘History 🎫Support