News

GI industry cautioned by FCA

Economy

The FCA has warned the general insurance industry that it will “not hesitate to intervene with both firms and their senior managers” if customers receive poor value. Firms were cautioned over approaches that can lead to customers purchasing “inappropriate products, paying excessive prices or receiving poor service”. The regulator...

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UK economy grows faster than predicted

Economy

GDP grew by 0.2% in February from a month earlier, according to the Office for National Statistics, confounding City economists’ expectations for zero growth as Brexit nears and the global economy slows. The 0.3% rise in the three months to February, was the same as the three months to...

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More firms report cyber-attacks

Economy, Advice

Research from Hiscox reveals the proportion of UK firms reporting a cyber-attack has jumped from 40% in 2018 to 55% this year. Almost three quarters of firms were ranked as “novices” in terms of cyber readiness and Hiscox said a lot of businesses “incorrectly felt that they weren’t at...

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Central banks warn of climate risks

Advice

The heads of two major central banks have issued a warning about the financial risks of climate change. Bank of England governor Mark Carney and France’s François Villeroy de Galhau set out the dangers to the global economy in an open letter. “If some companies and industries fail to...

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CMA recommends audit reforms

Economy

The Competition and Markets Authority has outlined several proposed reforms to the audit market but stopped short of ordering a structural break-up of the biggest firms. The regulator’s review of “serious competition problems” in the sector recommended the government pass laws forcing accounting giants to put more distance between...

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Retail sales up in March

Economy

Data from the Office for National Statistics shows retail sales increased for the third straight month in March. Sales grew 6.7% over the year – the highest since October 2016 – after a monthly rise of 1.1%. Three-quarters of the growth came from internet sales, with department stores the...

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Hall appointment gives team better balance

News from Balance

Here at Balance for Business we’re incredibly pleased to announce that we have a new team member in Peter Hall, who joins as Business Development Manager.   Peter is both highly experienced and highly qualified and brings with him a wealth of talent from both inside and outside of...

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British Steel seeks £100m government loan

Uncategorized

British Steel is seeking a £100m loan from the government in order to meet EU emission rules. Previously, the company could have used EU-issued carbon credits to settle its 2018 pollution bill. However, the steel maker has been affected by a European Union decision to suspend UK firms’ access...

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CFOs more worried than ever about Brexit

Brexit

A survey by Deloitte finds that finance bosses are the most worried they have been about Brexit since the 2016 referendum. Its latest quarterly survey of CFOs found only 13% are more optimistic than three months ago while eight out of 10 are expecting the long-term environment to be...

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