Category: Business

SME loan rejections rise as banks further increase cautiousness

Banks are lowering their urge for food to fund small and medium-sized firms, in response to brokers dealing with mortgage purposes. Requested by the choice lender iwoca if excessive road banks had been turning into extra cautious, 82 per cent of the brokers mentioned that they had been, with 49 per cent saying they’d seen […]

Treasury set to tighten up pay later schemes

The federal government has set out plans to clamp down on purchase now, pay later schemes, after considerations that some individuals are borrowing greater than they will afford to repay. Lenders will should be accredited by the Monetary Conduct Authority and required to hold out affordability checks on clients, who will be capable of take […]

Tech Nation lines up potential buyers for assets as closure looms

Begin-up group Tech Nation has reportedly lined up a bunch of potential bidders for its property because it prepares to shut down in March following the federal government’s controversial transfer handy its funding to Barclays. Round 30 patrons have now lined as much as doubtlessly swoop on the agency’s property, together with the networking group […]

NatWest to end new business loans for oil and gas extraction

NatWest has introduced it’s going to cease providing loans to new clients hoping to fund oil and gasoline exploration, extraction or manufacturing tasks, as a part of a wider local weather transition plan because of be unveiled subsequent week. The banks’s chief government, Alison Rose, mentioned related steps can be taken to part out the […]

Sunak and Hunt to host 200 UK industry leaders in investment push

Rishi Sunak and Jeremy Hunt will host among the UK’s most distinguished business leaders on Friday as a part of a drive to drum up recent funding to revive the UK’s struggling economic system. The prime minister, who is predicted to attend remotely, and the chancellor will deal with 200 enterprise executives – together with […]

UK watchdog to review inflation-busting rises on mobile and broadband bills

The UK telecoms regulator has launched an investigation into the industry-wide apply of hitting broadband and cellular prospects with inflation-busting worth rises of as much as 17% and will usher in more durable protections in opposition to hefty mid-contract will increase. Ofcom, which in December launched a separate investigation into the gross sales techniques utilized […]

Scottish salmon has become UK’s biggest food export

Scottish salmon was the UK’s greatest meals export in 2022, new HMRC figures have revealed. Gross sales of the nutritious fish grown in chilly waters off the Highlands and islands reached £578 million within the calendar 12 months, with France main the worldwide demand. European locations dominated because the sector continued to bounce again from […]

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