Retail sales continue to enjoy monthly growth, despite an overall yearly slump hampering sales in particular sub-sectors. Continue reading
October rise in retail sales with fastest growth for three years
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Monthly Archives: October 2014
New deal signed to put an end to tax evasion
The UK has signed an agreement to crack down on tax evasion, along with 50 other countries. The agreement, which was made in Berlin, involves a pledge to pass on financial data freely, limiting the remaining loop holes available to tax dodgers. Continue reading
Funding freeze for SMEs
Concerns for a shortage of funding for SMEs amidst a stagnated lending market are growing, despite European syndicated loan volumes running at their highest level since 2007. Continue reading
Level of available funding condemned by businesses
New research conducted by an independent commercial finance broker, Hilton-Baird Financial Solution, has revealed that exactly half of the UK’s businesses believe that the level of funding available is inadequate, with only 27% saying that the backing from lenders and the government is sufficient. Continue reading
Fears of housing bubble abated as market starts to plateau
A lenders’ group has revealed that the housing market is now steadying, despite growing competition between providers on mortgage rates. Continue reading
UK SME s urged to prepare for VAT rule change
Businesses in the electronic services, broadcasting and telecoms sectors are being told to prepare for changes to EU VAT rules, which come into effect at the start of next year. Continue reading
ONS Says UK Continues to be a Manufacturing Nation
The manufacturing sector has provided some disappointing figures lately, suggesting a downturn in the industry impacted by poor economic growth throughout the Eurozone. But according to the Office of National Statistics (ONS), perceptions that manufacturing may be disappearing from the UK are wide of the mark. Continue reading
Stronger supply chains could boost UK economy by £30bn
A new report by the Confederation of British industry (CBI) has suggested that major investment in domestic supply chains could inject £30bn into the economy by 2025 – creating an additional 500,000 jobs. Continue reading
Lending to SMEs Falls by £400m
The amount of lending given to small businesses has dropped by £400m throughout the second quarter of this year, according to the latest Trends in Lending report from the Bank of England. Continue reading
Consumer Confidence Hits Highest Level in Three Years
According to the latest from the Deloitte Consumer Tracker, consumer confidence has hit its highest level in three years, brought on by falling prices in mainstream household items. Continue reading