The detrimental impact of late payments on small businesses has reached alarming levels, with the total cost soaring to £1.6 billion by the end of 2023, according to findings by the accountancy firm Xero. This staggering sum underscores the financial strain faced by small enterprises, exacerbated by the compounding effect of delayed payments. Alex von […]
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. […]
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 […]
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 […]
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 […]
From the allure of Dragons’ Den to the dynamic platforms of TikTok, a surge of youthful entrepreneurial spirit is reshaping the landscape of business in the UK. Recent findings from Lloyds Bank reveal that Generation Z is leading the charge, with a remarkable three in five (60%) considering leaving their jobs to transform their side […]
Demis Hassabis, CEO of Google DeepMind, predicts that artificial intelligence (AI) could revolutionise drug discovery by designing drugs directly in clinics within the next few years. Speaking at the Mobile World Congress in Barcelona, Hassabis emphasised the significant impact AI will have on drug development. Deepmind, bought by Google in 2014, is an AI research […]
Leading figures from Britain’s cyber industry gathered in Parliament last night to discuss the risk posed by AI to national security. Speaking at the Parliament Street think tank’s Cyber summit on Monday night, which was hosted by Dean Russell MP for Watford and chaired by Steven George-Hilley of Centropy PR, a panel of experts addressed […]
Have you been tasked with organising a fun team bonding activity and have no idea where to start? Don’t worry – this article will help to guide you and hopefully make it as painless as possible! Have all the obvious options been done? So dinner and drinks just doesn’t cut it anymore? Here are five […]
The latest Prism SME Barometer reveals UK’s small and medium-sized businesses face a massive $42 trillion in working capital trapped in global supply chains. This capital constraint severely limits SMEs’ ability to expand internationally. It shows access to capital ranks among the top barriers to SME participation in global trade. Over 30% of SMEs surveyed […]