Shadow Business Secretary Chuka Umunna is asking George Osborne to take a closer look at the small businesses and the high street and cut down the business rates to make sure that they can survive. It is no big secret that the high street has been on the decline for the past several years, but […]
Category: Business finance
Top employees set to jump ship as the need for them increases
According to CIPD, it is likely that many employers will start losing some of their most talented employees. This follows the positive outlook of the economy which has seen organisations start recruiting actively. The CIPD published the latest report that clearly shows that the demand for talented workers is increasing following a period of stagnation […]
As much as one third of commercial property purchase value being lost in unclaimed tax allowances in the UK
Tax threat to property sale values looms Tax threat to property sale values looms It’s set to be a double whammy for businesses across the UK once the changes in the Finance Act take effect in April 2014. Unclaimed property allowances estimated at millions of pounds are lost by business owners and with new taxes, […]
Low interest rates, how will this impact consumers?
With the recovery of the country from the recession being the main issue on most people’s minds, it is little wonder that any good news in this area appears on every news programme and gets inches in the printed press. With the current low interest rates around, the big light at the end of the […]
Less Northern Irish shoppers hitting the high street
According to the latest figures, Northern Ireland shoppers do not go out on the streets as much as their counterparts in Britain. In May, footfalls in Northern Ireland were 3% lower, a figure that is much higher than that of 0.7% in the UK. The hardest hit regions are those of the west, followed by […]
Burberry enjoy a rise in pre-tax profits
Burberry, the luxury goods retailer, has posted a substantial increase in this year’s pre-tax profits. 14% of this is attributed to the growth in Asian markets, where it has been increasing its presence. Although analysts had predicted profits of £415m, the group, well known for its camel, red and black checked-lined coats, posted a pretax […]
SME business loan demand increasing
A survey out from the Bank of England that sheds light on loans going to small businesses. In particular, the results show that the demand for these loans is expected to go up in the coming months, but lenders have apparently no plan to meet that demand. The current limits and maximum amounts are not […]
First green bank allocates £635m to funding
British based GIB, or Green Investment Bank, is the first bank in the world that is solely focussing its lending on clean energy projects, and it has just announced that during its first 5 months of operation it allocated £635 in funding. The bank first opened last November, is backed with £3bn capital from the […]
European Central Bank cuts interest rates by 0.25%
The European Central Bank has decided to cut interest rates by 0.25% but president of the bank, Mario Draghi, has warned that this should not be a sign for governments in the hard hit eurozone countries should step away from their already in place austerity policies. The governing council of the ECB announced this week […]
Clydesdale and Yorkshire Banks struggling in the commercial mortgage market
Clydesdale and Yorkshire Banks are blaming the poor commercial mortgage market for millions of pounds of losses last year. The Australian owned British bank believe that it was bad debts on commercial properties that left them with no other choice but to report a £183m loss when comparing the year on year figures. Overall the […]