FCA announces crackdown on car financing industry
The Financial Conduct Authority (FCA), the UK’s financial regulator, has announced a crackdown on the car financing industry, saving drivers £165 million.
SME Finance Charter to “increase small business access to finance”
The new SME Finance Charter will ensure small and medium-sized enterprises (SMEs) have access to finance, it has been revealed.
Businesses taking extra cash-flow measures ahead of Brexit
According to the latest research, small business owners are increasing the amount of cash they’re holding in current accounts ahead of Brexit. The Hampshire Trust Bank (HTB) surveyed 500 companies whose turnovers ranged from below £500,000 to £100 million. The research found that since the announcement of the UK’s plan to leave the European Union…
New council to increase access to small business finance, says minister
A new enterprise scheme will help small and medium-sized businesses to access finance and take advantage of post-Brexit business opportunities, it has been revealed.
Small businesses raise millions through Bank Referral Scheme, figures show
More than 1,700 businesses have been granted alternative finance options through the Bank Referral Scheme (BRS) after being turned down for traditional business loans, new figures reveal.
Half of UK SMEs are struggling with cash flow
According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit.
Late payments causing businesses more problems than last year
According to the latest research from the Independent Chartered Accountants of England and Wales (ICAEW), late payments are more of a problem for businesses than they were last year.
Victims of scams to be refunded by banks
Thousands of people who fall victim to scams are to receive new protection, after a number of the UK’s biggest banks agreed to introduce a new code.
Businesses urged to consider vulnerable people’s access to financial services
MPs have urged businesses to consider vulnerable people’s access to financial services, with talk of the UK becoming a cashless society.
Barclays announce £14 billion fund to support UK businesses
Barclays bank have announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU).