NEWS

The latest from Balance for Business

Artificial intelligence tech excites SMEs more than large corporates

Smaller businesses are more likely to feel positive about new technologies, such as artificial intelligence, than larger companies. Smaller businesses are more positive about new technologies, such as artificial intelligence (AI), than larger companies. New research from Adecco UK&I suggests lager businesses are almost twice as sceptical about the business impact that artificial intelligence can […]

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FCA warns investors over digital tokens

The City watchdog has warned investors that they should only take part in virtual currency fundraisings if they are prepared to lose all of their money. In a message to those thinking about buying digital tokens for so-called initial coin offerings – a digital way of raising funds from the public using a virtual “coin” – the Financial Conduct […]

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Smaller housebuilders finding it harder to access finance despite Government help

Government efforts to boost the housing supply are being choked by a squeeze on funding for smaller housebuilders, according to an industry study. The Federation of Master Builders and 54pc of small and medium-sized developers said accessing finance is a major barrier to building more homes, up from 50pc last year. Brian Berry, chief executive of the FMB, said: “Almost a decade after […]

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The growth four business owners achieved with the help of cash advance

A rejected loan application can hinder your expansion and growth plans. Being too afraid to take out business finance due to a poor credit score or fear of repayments can be just as limiting. Luckily, much can be achieved through alternative finance. Indeed, there are still ways to get expansion plans off the ground and […]

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8 habits of successful entrepreneurs

A blog posted on the website experian by Cindy Yip looks at those people or businesses who have ‘made it’ and we wonder what their secret is. We’ve all seen those ads claiming to be able to sell you some formula or other so that you too can be one of the successful ones, but the […]

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Fall in pound ‘has done more harm than good’

One of Britain’s biggest business groups has said that the fall in the value of the pound was doing little to lift economic growth, causing the organisation to cut its forecasts for the next two years. The 13 per cent drop in sterling against a basket of currencies since the Brexit vote has led many […]

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If peer-to-peer lenders lack anything, it is not ambition

You cannot accuse alternative lenders of lacking ambition. Samir Desai, co-founder and chief executive of Funding Circle, Britain’s largest peer-to-peer lender, says that his business, which has arranged $2.7 billion of loans to small companies, could be lending at least $100 billion within a decade. Peter Behrens, co-founder of Ratesetter, one of Funding Circle’s main […]

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Finance Bill brings tax blow for savers and investors

Savers and investors stand to lose thousands under controversial measures that were axed before the election, but are back in the latest Finance Bill. These include a reduction in the amount you can receive in dividends tax-free and a cut to the amount savers can put into pensions (once they have withdrawn an income). The […]

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MP urges ministers to back entrepreneurs

George W Bush famously said that “the problem with France is that they don’t have a word for entrepreneur”. In reality, the French have plenty of words for it, but as Emmanuel Macron has grasped, simply not enough actual entrepreneurs. Instead, they’re in London – now France’s fourth biggest city – escapees from the country’s self-defeating […]

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