Specialist asset-based lender, Ultimate Finance, broke its own annual lending record by providing funds of more than £1.6bn to SMEs across the UK last year. The newly released figures show that Ultimate Finance finished the year with a record high loan book of £265m. Further growth in the size of the company’s client base means […]
“The latest GDP data add to signs that the UK economy stagnated at best in the fourth quarter of last year as heightened political uncertainty, Brexit risks and weaker global demand all colluded to dampen spending by both business and households. The good news is that all these headwinds are showing signs of moderating, if […]
ThinCats, the leading alternative lender to mid-sized UK businesses, has announced a record year for lending in 2019 with over £200m of funding provided, almost double 2018’s previous record. In total ThinCats has now lent more than £580m to small and mid-sized businesses across the UK. Reflecting the considerable funding gap for mature mid-sized SMEs, […]
Business sentiment has surged to an all-time high, according to Deloitte’s latest CFO survey. The Q4 2019 survey, which took place immediately after the December UK general election, showed the largest increase in confidence in its 11-year history. The Deloitte CFO Survey gauges sentiment amongst the UK’s largest businesses. 119 CFOs participated in the latest […]
As part of the Group’s continued commitment to help Britain prosper, today’s announcement underlines to existing and new businesses across the country that the Group is committed to supporting UK businesses through 2020 and beyond. By announcing its £18bn support for businesses, Lloyds Banking Group is highlighting it is by the side of British business […]
ONS figures show that labour productivity, as measured by output per hour, for quarter three (July to Sept) 2019 has risen by just 0.1% compared with the same quarter in 2018. This follows four previous quarters of contraction. Services saw a rise in labour productivity of 0.1% compared with the same quarter in the previous […]
Commenting on the launch of the Government’s review of the new IR35 off-payroll rules due to come into force in April, Susan Ball, RSM tax partner said: ‘This review is very limited in scope and restricted by the pressure to report back by next month. There’s also a lingering suspicion that this is a case […]
The British Chambers of Commerce’s Quarterly Economic Survey reveals that the UK ended 2019 in stagnation, amid long term uncertainty, rising business costs and a slowing global economy. The latest results of the survey – which is the largest of its kind in the UK and a leading indicator of GDP growth – found protracted […]
The December figures are positively distorted by the late timing of Black Friday, which occurred in December 2019 as opposed to November in 2018. The 3-month and 12-month averages are not distorted. We have calculated 2-month average figures in order to correct for this distorting effect and, therefore, represent a clear picture of the festive […]
Santander UK has today launched its largest ever programme to bolster its support for businesswomen across the UK – the ‘Women Business Leaders’ mentoring programme. Designed to support women in business across the UK, the mentoring programme pairs budding female entrepreneurs with established business leaders across all sectors, business sizes and geographies. The bank is […]
