The current high interest environment can pose expensive challenges for businesses using traditional financing methods. Bank loans still make sense for some companies; however, there are plenty of alternative finance options. Being open to innovation and thinking creatively can help businesses access funding while minimising the impact of high interest rates in their financial endeavours. […]
Earnings growth hit 7.3 per cent in the three months to May – the joint highest level on record. According to the Office for National Statistics (ONS), public sector wages rose 5.8 per cent in the three months to May while earnings in the finance and business services sector leapt by 9 per cent. In […]
A one-stop information portal has been set up to help directors make crucial business decisions. The director information hub was launched by the Insolvency Service, providing advice and support regarding statutory obligations and potential financial pitfalls. Who is it aimed at? The hub hosts guidance and information on a range of business themes and is […]
Drinkers face paying more for their glass of Chardonnay when a freeze on alcohol duty is lifted at the start of next month. From August 1, every pint in every pub and restaurant will be subject to less tax, but at the same time the current hold on alcohol duty comes to an end. Drink […]
Motorists are being put in the driving seat to find the best fuel prices after a watchdog found many were being overcharged at the pumps. A new fuel price reporting scheme will allow consumers to compare prices in real time in any area of the UK, as the Government changes the law, forcing retailers to […]
As the outlook for the UK economy remains uncertain, UK business fears over potential insolvency appear to be easing. While government data shows insolvencies are at a four-year high, research suggests that these figures are reaching their peak. Wealth management and professional services group Evelyn Partners found that just under one in three businesses (32 […]
Support measures have been agreed for those struggling with, or anxious about, their mortgage repayments. A new mortgage charter was approved following a meeting of the Chancellor of the Exchequer, the UK’s principal mortgage lenders and the Financial Conduct Authority. Three of the key measures Anyone concerned can talk to their bank or their mortgage […]
HMRC has confirmed that plans to extend the Help to Save scheme by 18 months, until April 2025 have been confirmed. The Help to Save scheme is intended to help those on low incomes to boost their savings. Eligible users of the scheme can save between £1 and £50 every calendar month and receive a […]
Fraudsters often try to take advantage of the 31 July deadline for submitting tax credits renewal information. The fraudulent emails, texts or calls claim to be from HMRC and often promise money back in the form of a tax rebate together with a click-through link to a replica of the HMRC website. The fraudsters then […]