Three-fifths (59%) of British adults say they are neither more pessimistic nor more optimistic about their personal finances following the UK’s vote to leave the EU, according to new research by insolvency and restructuring trade body R3. However, the R3/ComRes survey of over 2,000 British adults found that one-in-four (25%) […]
Articles by: Walsh Taylor
Euro founding father Otmar Issing warns about project’s future
A founding father of monetary union has given a damning assessment of the euro bloc, saying that not incorporating an exit strategy was a mistake. Prof Otmar Issing told the BBC’s Wake up to Money that faultlines across the eurozone remain, citing economic weakness in Greece, Portugal and Italy. The […]
SMEs struggle to secure finance as advice gap emerges
Only a fifth (19%) of SMEs say banks’ advice always meets their needs, highlighting a failure of many lenders to cater for SMEs’ individual circumstances, according to a new report published today by Close Brothers Group. Close Brothers surveyed over 1,000 SMEs owners about the changing needs throughout their growth […]
Business confidence hits post-referendum highs as UK economy holds firm
Britain’s businesses are increasingly confident that they will perform well in the years ahead, as the economic crunch which was predicted to take place immediately after the referendum has not yet materialised. A net balance of 37pc of UK firms expect business prospects to improve, the strongest figure since the […]
FCA bans payday lender and director for “lacking integrity”
A payday lender has been refused interim permission and had its director banned. The Financial Conduct Authority (FCA) has banned Andrew Hart, the director, controller and owner, of Wage Payment and Payday Loans (WPPL). The consumer credit firm offered payday loans under the trading names of Payday Overdraft, Wagepayday and […]
Euler Hermes: UK economy – the calm before the storm
The resilience of the UK economy following the EU referendum is masking longer term issues that are set to hinder GDP growth, corporate profitability and exacerbate late payment and insolvency issues once Article 50 is triggered, according to Euler Hermes, the worldwide leader in trade credit insurance. It has also […]
Creditors can’t touch bankrupts’ pensions, court rules
Creditors will not be able to target unspent pensions in bankruptcy, the Court of Appeal has ruled. Last week, the court handed down a judgment on an appeal against the 2014 Horton v Henry case which centred on whether a bankrupt individual can be forced to use their pension savings to pay debt as […]
MPs to probe Bernard Matthews pre-pack deal
The recent takeover of Bernard Matthews will be scrutinised by the Work and Pensions select committee this week after concerns that the deal was “carefully crafted to dump the pension scheme”. The turkey firm was sold last month in a pre-pack deal to Ranjit Boparan, the food tycoon behind the […]
British businesses are growing – but they don’t know if the good times will last
Economic growth appears to be holding up for now, but businesses are not confident enough to make big decisions on hiring and investment, according to a series of surveys published today. Manufacturers are benefitting from rising export sales, the British Chambers of Commerce showed in its quarterly study, with domestic […]
Third Sector Seminar and Networking Event
Third Sector Seminar and Networking About the Seminar As the Third Sector comes to terms with a changing landscape of reduced funding, increasing competition and a growing scrutiny of how organisations are run many senior management teams and boards are faced with new financial and organisational pressures. This seminar includes […]