Category: Economy

FCA demands justice for small firms

Finance, Economy, Advice, Political

The head of the Financial Conduct Authority has said that small firms are unable to obtain justice in their complaints against banks, and the system needs an urgent overhaul. Andrew Bailey wants politicians to set up a new independent process to deal with disputes between firms and lenders. Mr...

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CPI inflation rises to 2.9%

Finance, Economy

The Consumer Prices Index 12-month inflation rate rose to 2.9% in August, up from 2.6% in July, according to the latest ONS data. CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, rose from 2.6% in July to 2.7%. More...

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Accountants ease uncertainty for small businesses

Finance, Economy

ACCA chief executive Helen Brand says political and economic uncertainty means small businesses are increasingly reliant on accountants. Recent research from the International Federation of Accountants indicates that small and medium sized accountancy practices remain small businesses’ most trusted advisers. And research by the FSB has found that half...

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Artificial intelligence tech excites SMEs more than large corporates

Economy

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...

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FCA warns investors over digital tokens

Finance, Funding, Economy

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...

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Smaller housebuilders finding it harder to access finance despite Government help

Economy, Political

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...

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