There seems to be a prevalent belief in the business community that to advance and expand your business, it is essential to have external investment. Raising money, whether through venture capital, seed funding, or angel investment, is taken by many founders to be the default route for growing their companies, but it is certainly not […]
The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds. Analysts estimate that the Treasury could in theory be forced to pay compensation of as much as £40 billion to holders of index-linked […]
The battle for customers is increasingly heating up in the UK banking scene with one major current account provider now offering 5 per cent interest on balances up to £1,500 for the first 12 months. Nationwide Building Society previously offered 2 per cent fixed for 12 months on balances up to £1,500 on its FlexDirect […]
Monzo is likely to press ahead with its crypto investment plans despite the current crash in the market, its co-founder said today. Speaking at Financial Times Live event, Jonas Templestein, co-founder of the London-headquartered challenger bank, said that the recent crash in the crypto market “probably…hasn’t affected our plans” and the firm would continue to […]
HMRC collected a record £157.2bn from VAT bills in in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21, after businesses were forced to make up for VAT payments they deferred during the pandemic. Accountants have said that HMRC’s VAT income has risen sharply after the rate of VAT paid […]
UK SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures including rising costs and cashflow challenges. According to Bibby Financial Services’ (BFS) annual SME Confidence Tracker survey, this difficult operating environment is causing friction and fragility amongst smaller businesses. Exploring the views of […]