A significant brake on Britain’s productivity growth lies hidden in the plumbing of our bureaucracy. Business data is highly fragmented, forcing SMEs to navigate a labyrinth of disconnected portals, managing multiple credentials for HMRC, Companies House, local authorities and private financial services.
In The Master Key, published alongside Xero and Enterprise Nation, we propose a practical two-part solution: A Unique Business Identifier, paired with reusable verified business attributes issued as digital credentials. Modernisation could slash admin, tackle economic crime, and improve cash flow for businesses.