With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that SMEs have lost out on 680,000 days of trading per month, due to industrial action. Cumulatively, this amounts to four million days of trading over the last six months, with trading slowdowns set to continue […]
Allica Bank, the leading fintech SME challenger bank, is urging the Prudential Regulatory Authority (PRA) to consider changes to proposed new bank capital rules to ensure small businesses have access to finance and the UK’s SME challenger bank sector continues to thrive. In November 2022, the PRA published a consultation paper outlining its proposed approach […]
UK Finance today releases its latest Business Finance Review Q4 2022 which reports on the finance needs of small and medium-sized enterprises (SMEs). Our latest review shows that in last year’s uncertain economic outlook and rising interest rates SMEs were more cautious, which was reflected in business borrowing. Gross lending Gross lending by the main […]
New research from open banking platform Yapily reveals businesses are potentially losing up to £656m in missed revenue at the last mile. The research, which polled 2,000 adults in the UK, found that 52% of those surveyed have ditched at least one online purchase in the last 12 months due to a poor experience […]
Research shows that businesses around the world remain concerned about the impacts of energy security and prices, which could be a catalyst for a range of environmental, social and economic ripple effects. According to ABB Electrification’s Energy Insights survey of 2,300 leaders from small and large businesses across a range of sectors, 92% of respondents […]
Even with inflation at almost 9%, the UK economy not expected to grow until the end of 2024 and growing concern around the impact of Brexit on UK trade, 58% of small and medium sized UK businesses would rate current trading conditions as good, with 22% rating them very good. Looking forward, 41% considered their […]
Against a backdrop of so predictable and ongoing crypto failures, Silicon Valley Bank’s collapse, though the UK operation now nestles safely within the muscular bosom of HSBC, and the ongoing financial soap titled Credit Suisse, Jeremy Hunt presented his first traditional budget. With the Bank of England, blowing the dust off its “Janet and John […]
Archie, a next generation payments and data platform, today launches with a promise to support the UK’s businesses, including underserved small and medium-sized enterprises (SMEs), whilst educating consumers on the vast potential of open banking. Founded by Graham Nyman and Bhavesh Nayi, who have an extensive background in digital transformation and technology, Archie offers a […]
In light of the recent March budget, corporation tax is set to increase from 19% to 25% for businesses with profits exceeding £250,000 starting this April. Coupled with rising operational expenses this year, it has become increasingly important for business owners and senior decision-makers to be well-informed about the financial support options at their disposal. […]
New research by Yell has revealed the concerning financial tightrope many UK business leaders are walking, as almost one million SMEs have £1,000 or less saved, to help them survive any decline in their revenue. The study, which surveyed just over 500 leaders of SME businesses within the UK, sought to uncover the financial landscape […]
30/01/2023
Edition 304 – December/January 2023Those usual suspects By Business Money group editor Robert Lefroy TCA: Two ye...
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