NEWS

The latest from Balance for Business

Analysts predict strong start to 2018

Economists are predicting positive GDP and employment figures for the final quarter of 2017, with economic growth expected to be 0.4% for Q4 pushing GDP up 1.8% for the year. Analysts also predict the jobless rate will stay at 4.3% and may even fall to as low as 4% in 2018.   Click here for […]

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FCA criticised over RBS report

Sir Vince Cable has criticised the FCA for failing to publish a full report into the mistreatment of small businesses by the Royal Bank of Scotland. During a parliamentary debate into the now-defunct Global Restructuring Group, Sir Vince also named former RBS employee Nathan Bostock – now chief executive of Santander UK – as one […]

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Banks urged to protect small firms amid Carillion crisis

Business Secretary Greg Clark has called on banks and other lenders to avoid pulling the plug on small firms affected by the collapse of Carillion. Mr Clark chaired a meeting yesterday with representatives of high street lenders and the British Business Bank, where he asked them to ensure that “they are in contact with customers […]

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20% of landlords set to sell up

Newly released research from the National Landlords Association has flagged potentially the biggest change to the private rental sector in a decade.  The study shows that 20% of landlords plan to sell up due to government and Prudential Regulatory Authority changes.  Newly released research from the National Landlords Association has flagged potentially the biggest change […]

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Cash flow options have never been more important

Losing a huge player in the UK economy is never good news.  The fall out from Carillion’s collapse will stretch far and wide across the country affecting strategic partners, trusted suppliers and companies further down the supply chain.  It spent nearly £1bn on UK suppliers in 2016.  Organisations up and down the country will clearly […]

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May told to cut taxes and ease regulation

Theresa May told City leaders that financial services would be put at the heart of a Brexit trade deal during a meeting at Downing Street yesterday. Mrs May reiterated her determination to achieve a bespoke deal and scoped out the financial sector bosses on ideas for protecting the size and influence of the City of […]

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Small firms ‘need a proper tribunal for bank disputes’

Tens of thousands of other hardworking business people have been caught up in similar injustices including the scandals at RBS, where the banking regulator’s report revealed ‘systematic’ mistreatment of small firms. What’s worse, is there is no effective means of redress – not only are the banks too big to fail but they are also […]

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Small businesses complain at new credit card rules

Small retailers could be forced to put up their prices because of a ban on charging for payments made on credit and debit cards, the FSB has warned. Although many of its members absorb the costs, those that don’t could be forced to recoup the expense after today’s ban comes into effect, the FSB said. […]

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Late payers leave firms with £4bn tax overdue

Businesses owe the taxman £4.4 billion in overdue corporation tax and VAT, the latest sign that some are struggling to cope with rising operating costs and customers paying late. Corporation tax arrears were £1.9 billion last year, a record high, while £2.5 billion of VAT payments were overdue. Read the full article HERE Click here […]

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