Labour and Conservatives promise new banking rules won’t dent small business lending June 19, 2024 Labour's comments more or less matched a Conservative commitment, contained in the manifesto, to "ensure that Basel III capital requirements do not inhibit lending to SMEs".
Big banks hike small business lending for first time in nearly two years as UK economy improves June 17, 2024 Big banks' lending to UK small and medium-sized enterprises (SMEs) has seen its first notable rise for almost two years, according to quarterly data, amid an improving outlook for the domestic economy.
The City supports SMEs June 17, 2024 It takes courage to start a small business, but the City of London is committed to making sure SMEs have everything they need to thrive, says Chris Hayward Management guru, Peter Drucker, once said that: “Whenever you see a successful business, someone once made a courageous decision.” In the City of London, courageous decisions are [...]
Zopa Bank targets current accounts and SME lending as London listing beckons June 15, 2024 Zopa Bank is set on stepping up its challenge to the likes of Starling, Monzo and Revolut, while expanding its suite of products ahead of a hotly-anticipated stock market float.
‘I’m £5,000 down’: Co-op Bank apologises after duplicate payments glitch June 12, 2024 The Co-operative Bank has apologised to customers after complaints that a glitch had caused payments to be taken twice from some small business accounts.
City reveals new strategy to ‘retain and enhance’ small business growth in the Square Mile June 12, 2024 The City of London Corporation has revealed its first-ever small and medium-sized (SME) Strategy to focus on key areas of growth for the community.
Election 2024: SMEs ‘yet to be convinced’ whether Labour or Conservatives will boost business June 11, 2024 Britain’s small and medium-sized enterprises (SMEs) have become divided on what a change in government could mean for the future of their businesses ahead of the general election on 4 July, according to data shared exclusively with City AM. A survey conducted on behalf of accountancy and business advisory firm Xeinadin highlighted that 41 per [...]
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
Labour promises to ‘stamp down’ on late payments in SME policy package June 8, 2024 Late payments have been a major hindrance to small businesses, often contributing to cash flow problems and forcing firms to divert resources to chasing unpaid bills.
Workspace: Flexible office provider calls market bottom as workers return to the City June 5, 2024 Flexible office provider Workspace said its “future is bright” after it revealed a 8.7 per cent increase in profit for the year to March.