Sadiq Khan appoints ex-Canary Wharf director as deputy mayor for business December 18, 2023 Former Canary Wharf Group director Howard Dawber has joined City Hall as deputy mayor for business.
Lending to SMEs drops for fifth straight quarter as MPs probe access to funding December 13, 2023 Lending to small and medium-sized businesses (SMEs) has fallen by 20 per cent in its fifth consecutive quarterly drop, according to new figures from the banking trade body, as major lenders face scrutiny from MPs.
No proof of ‘value for money’ for billions spent on public procurement December 13, 2023 The government cannot demonstrate “value for money” for billions of taxpayer-funded public procurement, a group of MPs have warned.
Labour: Cameron showed ‘incredible naivety towards China’ November 15, 2023 Labour’s Jonathan Reynolds has described newly appointed foreign secretary Lord David Cameron as showing “incredible naivety towards China”.
High street banks pull back lending to small firms as funding gap widens November 9, 2023 High street banks are pulling back from lending to small and medium-sized enterprises (SMEs) while demand for capital is set to rise, according to a survey of more than 100 brokers.
SMEs crushed by lack of funding as MPs scrutinise lenders on borrowing November 1, 2023 One in ten small and medium-sized businesses (SMEs) that have struggled to access financing eventually folded, according to a survey of 500 business leaders, as MPs scrutinise the sector's lenders.
Former bookie Mark Blandford launches new lending project targeting UK SMEs October 26, 2023 Mark Blandford, founder of online gambling firm Sportingbet, has launched a new venture targeting small and medium sized businesses in the UK, City A.M. can reveal.
Ex-Boris Johnson adviser switches sides to boost Labour business plans October 16, 2023 Former Tory adviser Iain Anderson has been recruited to work with Labour on securing closer relations with business.
Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn September 11, 2023 Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]