Category: Advice

More firms report cyber-attacks

Economy, Advice

Research from Hiscox reveals the proportion of UK firms reporting a cyber-attack has jumped from 40% in 2018 to 55% this year. Almost three quarters of firms were ranked as “novices” in terms of cyber readiness and Hiscox said a lot of businesses “incorrectly felt that they weren’t at...

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Central banks warn of climate risks

Advice

The heads of two major central banks have issued a warning about the financial risks of climate change. Bank of England governor Mark Carney and France’s François Villeroy de Galhau set out the dangers to the global economy in an open letter. “If some companies and industries fail to...

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The Changing Face of Lending

News from Balance, Economy, Advice

Let’s be honest, at some point most businesses encounter a cashflow issue, it’s a regrettable fact of modern day business life. Clients pay late, suppliers want paying up front and even the revenue aren’t now being as flexible as they once were. The traditional way of tackling this was...

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A quick 3 point funding update

Funding, News from Balance, Advice

Are you currently looking at your funding options? We’ve got you covered! – We now have access to funding for HMRC payments at extremely competitive pricing. This can fund VAT, PAYE & Corporation Tax bills and will not appear as HMRC arrears when funders assess lending requirements.  – We...

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FCA publishes high-cost credit review

Advice

Ahead of a wider review into retail banking, the Financial Conduct Authority’s (FCA) new report on high-cost credit claims that the way that banks operate and charge for overdrafts needs “fundamental reform”. Proposed reforms include mobile alerts warning of potential overdraft charges, stopping the inclusion of overdrafts in the...

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Embrace GDPR to remain competitive

Advice

A report from One World Identity has urged companies to embrace GDPR in order to remain competitive. The report notes that regulatory bodies and enterprises both within the EU and abroad are already revising their policies in light of the GDPR, and that companies should follow suit to remain...

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