There are a lot of terms that people aren’t familiar with when it comes to cryptocurrency – and one of those is mining. When you think about mining a currency that isn’t tangible on a computer – you might be flung back in time and wonder if you need to be like the kids in […]
UK Finance has today published its latest total tax contribution of the UK banking sector report, produced by PwC. Contribution to government tax receipts The analysis in the report estimates the total tax contribution of the UK banking sector to be £41bn in the financial year to the end of March 2023. This is £2.2bn […]
Christmas is coming early for the UK’s corporate retail sector, with nearly half (49%) opting to display festive-themed goods earlier this year to help their customers spread out the cost of Christmas. In fact, a quarter (25%) now put up Christmas displays as early as September, with the majority (57%) going up by October. A […]
Time Finance is pleased to announce the successful completion of a £900,000 asset based lending (ABL) facility which has been used to facilitate the management-buy-in (MBI) of established wastewater services provider Active Pump Services Limited. The multi-product facility, secured by commercial property, receivables and moveable assets, underscores Time Finance’s expertise in creating tailored financial solutions […]
Westcotts Chartered Financial Planners have appointed a new operations manager to their senior team. Alex Lannin, who has more than 20 years’ experience in the financial services sector, joined the Westcotts group this month. His appointment comes as part of a successful drive to strengthen the financial planning arm of Westcotts Chartered Accountants and Business […]
Too many ‘blinkered’ directors in the UK still think they can shake off debt – including Covid-19 bounceback loans – by dissolving their own companies. Restructuring and insolvency professionals at UK Top Ten accountancy firm Azets are seeing and hearing of cases where directors go ‘DIY’ to illegally close their businesses in the mistaken belief […]
A coalition of leading hospitality, retail and leisure organisations have written to the chancellor urging him to freeze the business rates multiplier and extend existing reliefs for a further year at the upcoming Autumn Statement. British Retail Consortium, UKHospitality, Association of Convenience Stores, British Independent Retail Association and ukactive are warning that businesses, jobs and […]
93 % of senior decision makers believe the UK government should introduce stricter regulations for Generative AI, according to research from the Gillmore Centre for Financial Technology at Warwick Business School. More than three-quarters (77 %) say they are not happy with the prime minister’s approach to Gen AI, and 85 % have admitted to […]
VAS Valuation Group has added six new videos to its Knowledge Hub programme as the business actively responds to market questions submitted by brokers and lenders. For VAS Panel, Stephen Todd, chief commercial officer and co-founder addresses new-build premiums, confusion about HMOs and the location of a valuer relating to a property address while Andrew […]
UK CEOs are accelerating investments in generative AI (GenAI) to maintain a competitive advantage, but most are facing challenges in developing and implementing AI strategies, according to the findings of the latest EY CEO Outlook Pulse survey. The survey of 100 UK CEOs which provides insights on AI, capital allocation, investment, sustainability and transformation strategies […]
