Last week’s announcement of plans to close one of Britain’s oldest automotive factories came as a huge blow, most importantly to the workers at Luton and their families. It is a stark reminder of the intense pressure the entire industry is under in the transition to net zero, following recent news of closures and cutbacks […]
Most landlords feel let down by the recent Budget but some are taking a longer view of the buy-to-let market, a new survey from Landbay has found. 72% of landlords told buy-to-let lender Landbay that they were disappointed by the Budget. Landlords were particularly concerned by increased stamp duty on second homes and investment properties. […]
Mild weather and the October half-term saw demand in London hotels buck the seasonal trend, with an increase in occupancy, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of London hotels rose from 83.7% in September to 84.2% in October, but […]
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced it is reducing rates on its two-year and five-year mortgage products by 10 basis points (bps). The lender said that it is offering the following for properties with an A to C-rated energy performance certificate (EPC): 3.19% on a two-year, fixed rate standard mortgage up […]
The new labour government has committed to kickstarting the UK’s economic growth, but trade figures released yesterday by HMRC show there is a long way to go, say leading audit, tax and business advisory firm, Blick Rothenberg. Simon Sutcliffe, Customs & Excise Duty partner at the firm, said: “Trade statistics for 2023, published by HMRC […]
The latest Lloyds Business Barometer found that confidence fell in November, with the index dipping three points to 41%. Considerably above the long-term average of 29%, the change followed a period of sustained positivity from businesses, as confidence reached the highest level reported since 2015 during May, July and August this year. The Business Barometer, […]
Nearly half (45%) of hospitality managers believe they will achieve their revenue targets this year, with a further 30% on track to exceed expectations, according to new data from payments technology company, Dojo. Over half (56%) of managers forecast up to or more than 10% revenue growth as the industry heads into the busy festive […]
The UK job market for Risk and Compliance roles is undergoing a significant transformation, with the fintech sector leading the charge. According to the latest UK labour market trends for Risk and Compliance report by leading global professional recruiter Morgan McKinley and market data analyst Vacancysoft, the risk and compliance vacancies within the banks is projected to experience a 17% […]
Weavr’s recent whitepaper, titled “Flexible benefits cards: Employee choice, business control”, highlights the impact that fintech, and embedded finance in particular, is having on recent business applications, particularly those utilised by HR teams for employee benefits schemes. The report found that 50% of UK-based benefit managers were searching for new employee benefits solutions, and 60% of them […]
The Lending Standards Board’s (LSB) has announced iwoca, one of Europe’s largest SME lenders, as its latest firm to achieve full registration to the Standards of Lending Practice for business customers (‘the business Standards’). The LSB’s business Standards set the best practice benchmark for SME lending in the UK and can be applied across a range of financial […]
