The schemes supporting businesses through winter November 19, 2020 When the first wave of Covid-19 struck the UK in March, many businesses feared the worst as they closed their doors. With the help of a number of UK Government schemes, however, most firms avoided the worst of what could have happened. The suite of measures, ranging from emergency loan support to the heralded furlough [...]
Election 2024: Five things we learned from Labour’s manifesto launch June 13, 2024 Here are five things we learnt from Labour’s manifesto launch.
Considerations for Building a Secure and Resilient Bacs Payments Process July 22, 2024 In part one of this two-part series, learn how to mitigate threats and unlock automation to increase business stability and resilience By Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra Operational resilience is the lifeline that keeps businesses thriving through unforeseen disruption, with automation being a key component of a threat mitigation strategy for [...]
Public debt: Who has lent a staggering £2.1 trillion to Rishi Sunak? April 23, 2021 Government debt has hit its highest point as a portion of gross domestic product since the early 1960s when the country was still paying off what it had borrowed to fund the fight against Nazi Germany, new figures showed this morning. Last year spending skyrocketed to pay for dozens of programmes to prop up the [...]
Gresham House continues momentum as income and AUM rise September 17, 2020 Gresham House reported its tenth consecutive half-year increase in AUM despite a challenging backdrop as it looked to sustainable investment. The figures Assets under management (AUM) grew 16.7 per cent to £3.3bn in the first half of the year. Core income increased 33 per cent while adjusted operating profit grew 15.5 per cent to £5.2m. [...]
UK banks lend £15bn through coronavirus loan schemes May 12, 2020 The chancellor Rishi Sunak today said the UK banking and finance industry has provided almost £15bn to almost 304,000 businesses through three government-backed coronavirus loan schemes. In the week since the bounce back loan scheme (BBLS) launched, £8.4bn has been approved to 268,173 businesses – an average of 38,000 loans a day. Lenders have provided [...]
COVID-19 and the economic impact on UK businesses July 23, 2021 The COVID-19 pandemic has left a lot of business struggling, but how bad is the overall outlook for them? We’ve spoken to Michelle Elliot CA, partner at FRP based in Glasgow, about whether we can expect a tsunami of insolvencies or if UK businesses are coping better than expected. Michelle is a Chartered Accountant and [...]
Financial Conduct Authority to crack down on insurers’ loyalty penalty September 22, 2020 Loyal customers should not pay more for home or motor insurance than new clients, the Financial Conduct Authority has said, as it promises reforms in the sector. The FCA said the changes could save consumers up to £3.7bn over the next 10 years. The new rules would apply to any customer buying or renewing a [...]
Boris Johnson doubles support for self-employed during new lockdown November 2, 2020 Prime Minister Boris Johnson has announced a doubling of support for the self-employed during England’s new coronavirus lockdown and an extension of the deadline for government-backed business loans. Johnson addressed the House of Commons this afternoon after announcing a month-long lockdown on Saturday. MPs will vote on the new measures on Wednesday, with both Labour [...]
London bar group Enhanced Hospitality claims 650 jobs at risk over insurer’s refusal to pay May 15, 2020 London bar and restaurant chain Enhanced Hospitality has launched legal action against Allianz, claiming that its failure to pay out under business interruption insurance has put 650 jobs at risk. Enhanced Hospitality, which owns Camden live music venue Dingwalls and Soho private members club Blacks, has hired law firm Field Fisher to pursue a claim [...]