The Chancellor, George Osborne, and the Bank of England announced yesterday (November 28) that the Government’s Funding for Lending scheme (FLS) will be withdrawn as a tool to support mortgage lending from next year and that, instead, the focus will
For the first time since the beginning of the financial crisis, kilns at UK brick manufacturers will be working through the winter as the demand for bricks breathes life into what many believed was a dying industry.
According to a survey commissioned by the Royal Mail, 30 November will be the busiest day for online sales in the run-up to Christmas and this year will be an online record.
The Chancellor, George Osborne, has asked the Bank of England Governor, Mark Carney, to review the powers of the Bank’s Financial Policy Committee (FPC) to see whether they are strong enough to control banks’ balance sheets.
According to the latest Entrepreneurs’ Index report from a leading bank, the number of new businesses in the UK is growing and is now up to 90,000 in the first half of this year, a 3.4 per cent rise on
A consultation has been launched proposing a new tax-free childcare voucher scheme, which, if it is successful, would begin during or after Autumn 2015 and would allow families with two working parents to claim for help with their childcare costs.
A report in the FT reveals that small and medium-sized enterprises (SMEs) in the UK face the threat of having to return millions of pounds to the Treasury following European Commission allegations earlier this week that the UK is illegally
According to a study published today by the right-leaning Centre for Social Justice (CSJ) think tank, average household debt is now £54,000, double the level a decade ago, and ministers fear that failure to pay could leave thousands at risk
Yesterday (November 18) saw the launch of the UK’s largest entrepreneurship-focused campaign, Global Entrepreneurship Week (GEW) 2013, which is an international event that seeks to inspire and motivate enterprising activity in “the young and old”, and encourage people to “take
In spite of recent data showing that the UK economy is forging ahead with low interest rates and that unemployment is falling, household are generally feeling less optimistic about their finances than at any time since April this year.