Personal insolvencies on the verge of highest level for a decade

According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December.

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FCA announces crackdown on car financing industry

The Financial Conduct Authority (FCA), the UK’s financial regulator, has announced a crackdown on the car financing industry, saving drivers £165 million.

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SME Finance Charter to “increase small business access to finance”

The new SME Finance Charter will ensure small and medium-sized enterprises (SMEs) have access to finance, it has been revealed.

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Businesses taking extra cash-flow measures ahead of Brexit

According to the latest research, small business owners are increasing the amount of cash they’re holding in current accounts ahead of Brexit.

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New council to increase access to small business finance, says minister

A new enterprise scheme will help small and medium-sized businesses to access finance and take advantage of post-Brexit business opportunities, it has been revealed.

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Small businesses raise millions through Bank Referral Scheme, figures show

More than 1,700 businesses have been granted alternative finance options through the Bank Referral Scheme (BRS) after being turned down for traditional business loans, new figures reveal.

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Half of UK SMEs are struggling with cash flow

According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit.

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Late payments causing businesses more problems than last year

According to the latest research from the Independent Chartered Accountants of England and Wales (ICAEW), late payments are more of a problem for businesses than they were last year.

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Victims of scams to be refunded by banks

Thousands of people who fall victim to scams are to receive new protection, after a number of the UK’s biggest banks agreed to introduce a new code.

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Businesses urged to consider vulnerable people’s access to financial services

MPs have urged businesses to consider vulnerable people’s access to financial services, with talk of the UK becoming a cashless society.

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BCC “downgrades” UK economic growth in response to Brexit uncertainty

The British Chambers of Commerce (BCC) has this month downgraded its growth expectations for the UK economy in response to “continued Brexit uncertainty”.

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Barclays announce £14 billion fund to support UK businesses

Barclays bank have announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU).

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Innovative ideas to change the world: new business funding

Innovate UK Smart funding launches with £20 million grant competition for ambitious projects that could disrupt a global industry or market.

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HMRC takes new measures to toughen stance on debt recovery

HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.

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Employment and overall wages hit record highs

In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in two years.

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