Category: Finance

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

Finance, Funding

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...

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