Women & Leadership International is administering a national initiative to support the development of female leaders across the UK’s finance sector. The campaign is providing women with grants of up to £1,000 to enable participation in a leadership development program. The scholarship funding is provided with the specific intent...
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The Bank of England reported that the annual growth of unsecured lending in the month fell to 6.6%, down from 7.2% in November. This was the weakest figure since December 2014. Credit-card lending growth slowed to 7.1%, down from 7.9% the previous month. Surveys have shown consumer confidence to...
Continue ReadingSome 75% of intermediaries expect specialist lending sales to increase in 2019, according to research from Masthaven. A survey found that intermediaries top three growth challenges for the year ahead will be lending criteria (35%), regulation (27%) and lack of innovation (18%), although only 2.5% say they expect sales...
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A retrospective tax on self-employed individuals who made use of alternative remuneration schemes will now be reviewed by the Treasury, following a key amendment to incoming legislation. Liberal Democrat MP Ed Davey secured an amendment to the Loan Charge in the government’s latest finance bill, requiring the chancellor to...
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The World Bank has warned of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the World Bank predicts continued, though somewhat slower, growth this year and next. The Bank’s forecast for the global economy is expansion this year...
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Small business commissioner Paul Uppal will this week unveil plans that will see large firms that fail to pay their suppliers on time named and shamed. The traffic light warning system will use data on payment practices to highlight repeated late payers, giving them a red light to flag...
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Major clothes retailers in the UK yesterday faced MPs demanding to know how selling low-cost items was sustainable. Boohoo, Misguided, Asos, Burberry and Marks & Spencer defended themselves against suggestions the consumption of “fast fashion” fuelled a throwaway culture, harmed the planet and risked the exploitation of workers. Labour...
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A survey by Dun & Bradstreet has revealed that Brexit is the biggest concern among SMEs, with 41% of those responding to a survey fearing it could negatively impact their ability to recruit the right talent in the future, and 40% believe it has significantly slowed their growth. Some...
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Shoppers are increasingly using their credit cards for day-to-day spending rather than one-off purchases, UK Finances has said. Credit card spending saw a sharp rise of 12.1% in October compared with the same month in 2017, according to the trade body. The greater protection offered when buying bigger purchases...
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The average small UK business owner is owed £24,841 in late payments on any given day, according to a study of two million invoices. The research, undertaken by accounting software provider Xero, lifted the lid on Britain’s late payment problem, with so-called “supply chain bullies” treating smaller companies like...
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