As the government prepares to launch a new £3bn a year loan scheme for small and medium-sized businesses this week, a new survey of MPs commissioned by AAT (Association of Accounting Technicians) shows that almost two-thirds of those surveyed want more support for SMEs to cope with the ongoing cost of living crisis. When asked […]
The cost of servicing government debt has hit its highest point in 25 years because of rising inflation. The cost of interest payments on government debt was £19.4 billion, more than double that of June 2021, official figures show — the highest since records began in 1997. Government bonds are indexed to the retail prices […]
Total tax receipts are up by £90.5 billion in the 12 months to June, over the prior year. Say leading tax and advisory firm Blick Rothenberg. Paul Haywood-Schiefer, a Senior Manager at the firm said: “Total tax receipts remain very strong – with a £90.5 billion increase over the last 12 months.” He added: “HMRC […]
Disrupting an industry and solving problems with tech has been a vision for these co-founders. Award winning iamproperty Group was founded in 2009, with a clear vision to modernise the property market with innovative, tech-enabled solutions. From its market leading auction service, iamsold, to the UK’s first end-to-end onboarding and sales progression platform, movebutler, the Group […]
UK retail sales fell less than expected in June thanks to a jump in bank holiday food sales that helped to blunt the impact of the wider cost of living squeeze. Lizzy Burden reports on Bloomberg Television.
Grace Wu, head of Greater China bank ratings at Fitch Ratings, discusses what the property market crisis means for lenders in the world’s second-largest economy. Tens of thousands of people around the country are withholding payments on their mortgages for homes that developers, including China Evergrande Group, have yet to finish. Wu speaks with David Ingles on “Bloomberg […]
MADRID — Santander has dropped out of the process to buy Citigroup’s Mexican retail bank after having previously submitted a non-binding offer earlier this year. Read More
ISTANBUL/KYIV — Russia and Ukraine will sign a deal on Friday to reopen Ukraine’s Black Sea ports for grain exports, Turkey said, raising hopes that an international food crisis aggravated by Russia’s invasion can be eased. Read More
London is the top city in the world for global, remote workers, followed by Toronto and Buenos Aires. The UK is home to the most organisations hiring global, remote working in the EMEA region, followed by Germany and France, respectively. The first half of this year saw a 154 per cent increase in UK employers […]
UK’s FTSE 100 rose on Friday as oil and mining stocks on the blue-chip benchmark gained, while insurer Beazley jumped on the mid-cap index following a strong annual forecast. Read More