Category: In Business

Mar 12

Huge boom in over 50 year old entrepreneurs with Start Up Loans providing over £140m of finance to fulfil start up dream

The surge in entrepreneurship among individuals aged 50 and above post-pandemic has led to a significant milestone for Start Up Loans, a part of the British Business Bank. Since its inception in 2012, Start Up Loans has provided over £140 million in loans to entrepreneurs aged 50 and above, supporting a total of 13,422 loans, […]
Mar 11

Companies run by women are less likely to go insolvent than companies run by men

New research suggests that companies led by women exhibit a lower likelihood of insolvency compared to those led by men. Analysis of insolvency rates between January and December 2023 by Creditsafe revealed that businesses with male-dominated boards faced a 5.10% insolvency rate, while those with female directors experienced a notably lower rate of 3.67%. This […]
Mar 7

Funding Circle looks to sell US arm and launches off share buyback as losses deepen

Funding Circle, a prominent fintech firm specialising in small business lending, announced today a strategic shift in its operations aimed at curbing losses and revitalising its share value. Alongside its release of full-year results, the London-listed company unveiled plans for a £25 million share buyback initiative and disclosed intentions to divest its struggling US division. […]
Mar 5

Rishi Sunak: UK economy is on the right track

In anticipation of what could be the government’s final Budget before the general election, Prime Minister Rishi Sunak asserted that the UK economy is on the right track. This statement comes amid preparations for Chancellor Jeremy Hunt’s Budget announcement, where tax cuts are expected to feature prominently while maintaining a cautious approach. Sunak made these […]
Mar 5

Mortgage reforms have excluded first-time buyers, say UK building societies

The Building Societies Association (BSA), representing numerous building societies in the UK, has raised concerns that mortgage reforms implemented following the 2008 banking crisis have inadvertently hindered first-time buyers’ access to the housing market. According to a report commissioned by the BSA, these reforms have overly prioritised financial stability, resulting in a decline in first-time […]
Mar 1

Why the Spring Budget could be crucial for prospective homeowners

As anticipation builds around the upcoming Spring Budget, individuals ranging from energy sector analysts to childcare providers are eagerly awaiting potential announcements. However, for those eyeing investments in real estate, the contents of the Chancellor’s red box are poised to hold particular intrigue. Speculation has surged regarding the possibility of Chancellor Jeremy Hunt unveiling a […]