Category: Finance

Half of SMEs cite Brexit as biggest concern

Finance

A survey by Western Union Business Solutions reveals one in three professionals managing international payments at SMEs say uncertainty around Brexit has made forward planning “not easy” or “not easy at all” while over one in four say economic uncertainty is their biggest barrier to trade. Almost half identify...

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Ford warns on “disastrous” no-deal Brexit

Finance

Steven Armstrong, Ford’s boss in Europe, has said that a no-deal Brexit “would be pretty disastrous” for British industry and could affect the company’s future in the UK. He said he was still confident that a tariff-free frictionless trade deal would be completed but added that a no-deal outcome...

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Shawbrook to launch VAT loan product

Finance

Shawbrook Bank has revealed that it is looking to launch a VAT loan product to further support developers. Terry Woodley, director of development finance at Shawbrook, said the bank had provided £250m to SME property developers in just 22 months since entering the development finance market. He added: “We...

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Leasing figures rise in August

Finance

According to figures from the Finance and Leasing Association, new business volumes in the point of sale consumer new car finance market rose by 9% in August, compared with the same month last year. The value of new business increased by 14% over the same period while the percentage...

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HMRC benefits from film and TV tax breaks

Finance, Tax

The UK film and TV industry generated a record £7.9bn in 2016, helped by government tax reliefs. A BFI-commissioned report found that £632m in tax relief prompted additional spending of more than £3bn on the creation of films, high-end television and computer games. Click here for full article Click...

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Finance advice for SME housebuilders

Finance, Investment

A guide to help SME housebuilders navigate the development finance process while they assess the funding they need, has been published by UK Finance and the Federation of Master Builders. Smaller housebuilders will be offered advice on how to make the most of the diverse range of finance options...

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