Cashless trend potentially “devastating” for small businesses

Business
Cashless trend potentially “devastating” for small businesses, warns FSB. 10/06/2019. The chairman of the Federation of Small Businesses has warned that many UK businesses could suffer “devastating” losses if bank charges for cards are not restricted, as cashless transactions account
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Banks reject 70% of small businesses

Business
Banks reject 70% of small businesses 3rd June 2019. A new report shows that Banks reject 70% of small businesses applications. A report from Smith & Williamson reveals that 70% of small businesses fail to secure finance at the first
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SME government loan values decline.

Business
SME government loan values decline. 03/06/2019. Worryingly, it has been reported that SME government loan values have declined. The value of bank loans being offered to small and medium-sized businesses through the government’s flagship small business lending scheme has dropped
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Pessimism surrounds family finances

CPA Blog
Pessimism surrounds family finances. James Salmon, Director, 23/5/2019. Updated 07/06/2019 Pessimism surrounds family finances. See our earlier post – Three in ten British adults’ personal finances go into the red An IHS Markit survey shows that although unemployment is at
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Paying late is “crack cocaine” to big business.

Business
Paying late is “crack cocaine” to big business. 10th May 2019. Duncan Swift has been appointed as the  new president of R3,  the trade association for the UK’s insolvency and restructuring professionals and has said that large businesses are treating
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