Ricosta Capital, a Midlands based non-bank funding and financial services provider, announced today a record set of financial results, at a time when many small businesses are still struggling to recover from the lockdown drought, brought about by Covid 19. Richard Mason, director of Ricosta Capital, said; “We were stunned by the number of businesses […]
Economists from leading trade credit insurer, Atradius, have published their predictions on the future of global value chains and warned against businesses making any major changes to their production strategy, despite ongoing challenges. In the report, Atradius claims that the Covid-19 pandemic posed unprecedented challenges to global value chains. Demand and supply-side shocks created several […]
The BCC’s Quarterly Economic Survey (QES) for Q2 2022 – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – shows key economic indicators flashing red. The survey of over 5,700 firms revealed a weakening in the proportion of firms reporting increased domestic sales, investment intentions, and longer-term […]
British businesses have been helped to export to 61 countries around the world over the past year with £7.4bn of government support – providing a significant boost to jobs and the UK economy. The finance provided by UK Export Finance (UKEF) in 2021-22 supported 72,000 UK jobs and added a gross value of £4.3bn to […]
As the government’s Recovery Loan Scheme for businesses draws to a close, a new survey published today reveals many small businesses across the UK are keen to reach their responsible business goals – but they need more support from the government to do so whilst trying to stay afloat. The survey of 1,973 small business […]
As the Recovery Loan Scheme ends today (30 June) Gregory Taylor, head of banking and finance at MHA, says the Recovery Loan Scheme has been a complete failure and with a recession on the horizon the government needs to act urgently to prevent commercial lending drying up in a 2008 style scenario: “The Recovery Loan […]
Businesses reported a fall in confidence this month, declining 10 points to 28% according to the latest Lloyds Bank Business Barometer. This is the lowest level since March 2021 when the economy emerged from the second Covid-19 wave. This fall in business confidence comes as inflation reaches its highest level for 40 years as the […]
Santander UK is this week launching Santander Navigator, a digital subscription platform to support UK companies with all their international growth needs. The new platform, a first from a UK bank, combines all the previous experience gained from supporting UK companies to expand overseas in one easy to use online system. The new platform brings […]
The economic outlook is weakening according to the findings of this quarter’s Economic Survey (QES) conducted by Greater Manchester Chamber of Commerce. The Greater Manchester Index, a composite indicator made of key QES measures, now stands at 31.3, a decrease of 1.0 point from the previous quarter’s results. Although the Greater Manchester IndexTM has hovered […]
Virgin Money has announced that it is linking up with untied, the UK personal tax app, to offer tax capabilities for sole traders who have a Virgin Money business current account. The new partnership means Virgin Money’s self-employed customers will be able to access untied, enabling them to better manage their businesses, get on top […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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