Economic Growth Driven By Housing Market

As new figures show that mortgage lending in September were the highest in five years, Bank of England Governor Mark Carney said that the UK’s economic recovery is still at an early stage and is reliant on rising house prices

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Mortgage Lending Highest In Five Years

According to the latest figures from the Bank of England mortgage lending has hit its highest level since February 2008, although the number of approvals is still much lower than before the financial crisis, when the average was 90,000 loans

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Cost of sickness could make SMEs feel ill

According to recent research, the cost of sickness is more than £40,000 a year for small and medium-sized enterprises (SMEs), while micro businesses, with fewer than 10 members of staff lose out by around £3,500.

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Fastest Economic Growth In Three Years

The latest official figures show that UK economic output rose by 0.8 per cent between July and September, which is the best quarterly performance since 2010.

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FCA And Banks Must Get On With Paying Compensation To SMEs

Speaking to a number of business owners who were victims of the large-scale financial mis-selling of complex interest rate products, known as interest rate “swaps”, a Government spokesman agreed that the regulator and banks have acted too slowly and paid

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Car Production Passes Million Mark

New figures from the Society of Motor Manufacturers and Traders (SMMT) show that UK car production continued to strengthen in September, with output passing the million mark this year.

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Better Economic Picture Than Thought

According to the Minutes from the October meeting of the Bank of England’s Monetary Policy Committee (MCP), UK unemployment and economic output are improving at a faster pace than expected.

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SMEs Finding Alternative Funding

According to a recent report, non-bank lending to small businesses has hit a five-year high, with funding of £10.5bn of credit having been arranged in the past year, an annual rise of 17 per cent and the highest figure since

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Job Creation in Technology Outpacing Private Sector

A new report has found that rates of job creation at UK technology companies have outpaced the private sector as a whole for the past 10 years, while UK tech firms are more confident about business outlook than firms in

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SMEs More Confident Than European Counterparts

According to a new survey, small and medium-sized enterprises (SMEs) in the UK are more confident about their business prospects than they have been for three years and are ahead of all the Euro zone countries polled in the optimism

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