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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Businesses to be named and shamed under proposed new late payment system

A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments.

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Credit Cards funded UK summer spending spree

Industry figures have revealed that credit card lending is rising at its fastest pace since February after the summer’s hot weather boosted retailers.

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Millennials hit hardest by financial crisis

According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since the financial crisis, with millennials the hardest hit.

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Summer spending continued through August

According to data from Barclaycard, people in the UK have continued to splash the cash this summer, with consumer spending up 4.5 per cent in August compared to the previous year.

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