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News

The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

SME lending under government scheme falls again

Lending to SMEs under the government's Funding for Lending scheme fell by £435 million in Q2 2014, according to the latest figures from the Bank of England.

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Economy to grow 3.2% in 2014

The UK economy will this year grow by more than 3% for the first time since 2007, according to updated forecasts from the British Chambers of Commerce (BCC).

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Cash savings increase in July

There was a 'strong increase' in cash savings in July 2014 following the introduction of New Individual Savings Accounts (NISA), according to the British Bankers’ Association (BBA).

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Local councils fail to meet payment deadlines

Contractors wait more than 40 days for payment from some local councils, the Asset Based Finance Association has found.

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Financial jargon confuses consumers

Consumers don’t understand the financial jargon used by banks and building societies, according to a survey by National Savings & Investments.

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