Category: Finance

Alternative finance market grew 35% in 2017

Finance

A report by the Cambridge Centre for Alternative Finance shows that the UK alternative finance market grew by 35% to £6.2bn in 2017. The report was conducted with assistance from the Peer-to-Peer Finance Association and the UK Crowdfunding Association and included responses from 75 platforms. P2P business lending was...

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UK tax system remains among G20’s most efficient

Finance, Tax

The UK’s tax system is second only to that of Canada’s among the G20 nations, according to PwC’s Paying Tax report. Kevin Nicholson, UK head of tax at PwC, highlighted changes in working practices, technological advances and the “perceived disparity between the tax treatment of bricks and mortar businesses...

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Annual bridging completions reach £3.98bn

Finance, Economy

Annual bridging completions have risen to £3.98bn, according to the latest figures from the Association of Short Term Lenders (ASTL). For the year ended 30th September 2018, annual bridging completions were up 21.2%, compared with the same period last year. ASTL added that there was a decrease of 3.3%...

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Construction SMEs facing liquidation

Finance, Economy, Jobs

Addressing the Seanad Public Consultation Committee on Small and Medium Sized Business in Ireland on 13 November, the Construction Industry Federation has called for more significant investment to improve conditions and support innovation in the sector and protect its small and medium-sized enterprises. Director General Tom Parlon, CIF, said:...

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South West SMEs lack basic digital skills

Finance

Nearly half of South West SME organisations lack the basic digital skills that could drive growth, according to the latest Lloyds Bank Business and Charity Index. It is claimed that UK businesses could generate an additional £85bn, by embracing digital skills. The report reveals that only 22%% of South...

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