Antony Batty & Co LLP
Antony Batty & Co LLP
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  • European directors boost UK SMEsEuropean directors boost UK SMEs
    UK SMEs with an EU director have grown 33% faster than the average UK SME over the last five years, according to research by Opal Transfer. It found that UK SMEs with at least one director from an EU member country saw their turnover rise by 20% between 2011 and 2016. By contrast, UK-based SMEs […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Consumer debt ticks upwards
    Bank of England figures show unsecured net consumer credit rose by £1.7bn during May, the largest increase since November 2016 and above the six month-average of £1.5bn. The figure was also higher than analyst expectations of a £1.4bn increase. Economists said the data suggests consumers are increasingly using debt to combat the squeeze on household […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Lloyds misses HBOS payouts date
    Lloyds Banking Group is set to miss a self-imposed end-of-June deadline to compensate owners of small businesses ruined by the HBOS Reading scandal. It is understood that fewer than 10 of the 64 people affected by the fraud have received offers, and only one settlement has been reached. source and read more: https://www.thetimes.co.uk/edition/business/lloyds-misses-hbos-scandal-payouts-date-ctbhsb...
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Ministers set up business advisory group on Brexit
    The Government has announced that it is setting up an advisory group to ensure that business is given a voice over Britain’s approach to Brexit. The new body was confirmed by Business Secretary Greg Clark, who told lawmakers he has met with workers, businesses and local leaders around the country and investors around the world […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • European banks to launch blockchain trade finance platform
    IBM has been hired to build and host a new blockchain system for providing SMEs with cross-border trade finance from Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit. source and read more: https://www.ft.com/content/6bb4f678-5a8c-11e7-b553-e2df1b0c3220?mhq5j=e3
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Business yet to receive rates relief
    A £300m business rates relief fund is still not up and running, despite half a million companies facing higher bills since the start of April. The fund was announced by Philip Hammond in the Spring Budget, but experts claim not a “single penny” had been passed on to companies. Councils, who have been tasked with […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • 800,000 UK businesses haven’t complied with automatic enrollment
    Nearly 800,000 UK SMEs are yet to be auto-enrollment compliant, according to new figures released by the Pensions Regulator. With the current schedule for business owners to auto-enroll their employers coming to an end, all small businesses that existed prior to April 2012 have now passed their staging date. The regulator has warned that new […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Traditional SME lending primed for an overhaul
    The Times’ James Hurley profiles PayPal’s SME lending division PayPal Working Capital, which has supplied more than £400m of credit to 22,000 British companies since the service was launched in 2014. PayPal said it was filling a funding gap that traditional lenders are failing to service, and that it had identified a link between its […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Critics losing patience with AIM
    A spokesman for the London Stock Exchange has rejected claims that the Alternative Investment Market is barely regulated and prone to scandals, claiming it was a “successful growth market” and a “jewel in the UK economic crown”. The LSE and the Financial Conduct Authority have come in for criticism from investors for allowing Fusionex, an […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Half of SME owners neglect company shares in will
    Legal & General’s ‘State of the Nation’s SMEs’ report reveals 51% of small business owners have left no instructions in their will or made any special arrangements regarding shares. Only 26% of shareholders said that they would buy the shares left following the death of a fellow shareholder, with 51% having to rely on their […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Government urged to prioritise business
    Business leaders have called on the government to offer greater backing to the country’s SMEs following the election. Mike Cherry, chairman of the FSB, says that the new minority government must “bring certainty and stability to UK business and the economy.” He added: “Brexit will only be successful if the Government fully backs small businesses, […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Business confidence crashes
    A poll by the Institute of Directors Business reveals business confidence has plunged since the election, with company bosses blaming uncertainty over the make-up of the government. The institute’s poll suggested a negative swing in confidence of 34 points from the previous month, with 57% of the 700 people polled either quite or very pessimistic […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • SMEs hurt by delays to rates compensation
    Small business owners have hit out at delays to compensation promised to companies suffering from high business rates. The government set up a £300m “hardship fund” in the March budget but the package has not yet been pushed through, David Gauke, chief secretary to the Treasury, said. Mike Cherry, national chairman of the FSB, said: […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • London business confidence rebounds
    The ICAEW business confidence monitor shows firms’ perceptions of their prospects over the next year turned positive in the second quarter of 2017 for the first time since early 2016. Andrea Dunhill, London director at ICAEW, said: “Profit growth is expected to rise, but is likely to be due to a pick-up in sales volumes […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Newer rivals attack RBS small business lending plan
    UK challenger banks have written to the European Commission arguing RBS’s plan to boost competition in the small business lending market is flawed as it focuses on moving business current accounts to other banks, rather than lending. source and read more: https://www.ft.com/companies
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Apps can make it easier for SMEs
    Proponents of a new breed of app-based financial services dubbed “neobanks” believe they could make it much easier for small businesses to manage finances. Entrepreneurs such as George Bevis, founder of Tide, believe digital banking services can attract customers frustrated with the limitations of high street banks. While a traditional business bank account can take […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Small firms hit by rates relief delay
    Small businesses across England, promised financial help to ease the burden of hikes in business rates, are still waiting. In the March Budget, the Chancellor promised that firms losing small business rate relief would not see their bills increase by more than £50 a month. However, the money has yet to flow to most businesses. […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Most SMEs expect no positive impact from UK general election
    Research from challenger bank Aldermore has revealed that 90% of small business owners plan to vote in the general election, but despite this, just 32% of SMEs expected the election to positively impact their business. When asked about what they’d most like to see from a new government after the general election, a third of […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Deficit surges as consumer spending slows
    Britain’s budget deficit rose to £10.4bn last month, according to the ONS, as the consumer spending slowdown began to impact public finances. Annual spending growth of almost 6% exceeded a rise of almost 4% in tax receipts, reflecting the slowdown in the economy’s growth rate from 0.7% in the final three months of 2016 to […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Transferwise to launch international bank account for SMEs
    Transferwise, the online forex platform, is launching an international bank account for SMEs. Taavet Hinrikus, the firm’s founder and CEO, said that the Borderless service would enable balances in 15 currencies and make transfers at the real mid-market exchange rate. source and read more: https://www.ft.com/
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Real wages fall as employment hits record high
    Unemployment in the UK fell to 4.6% in the first quarter, according to the Office for National Statistics, the lowest level since 1975. Wages however have dropped in real terms for the first time in almost three years: “Coming so soon after the big post-crisis pay squeeze, this new phase of falling pay means that […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Small businesses seeking improved support
    Business groups have joined forces to call for improved support for exporters and the appointment of a cabinet minister with responsibility for small companies. The 14 groups, including the ICAEW, IPSE, the Forum of Private Business and the Royal Society of Arts, are pushing for a bolder target for public sector procurement from small companies, […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Supply chains taking the strain
    A survey of more than 2,000 supply chain managers, conducted by the Chartered Institute of Procurement & Supply, found 45% of EU businesses with UK suppliers are already seeking alternative local suppliers in case a decent post-Brexit trade deal doesn’t materialise. In the UK, 32% of businesses with continental suppliers are actively looking for alternative […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Bank of England cuts growth outlook
    The Bank of England has trimmed its UK growth forecast for 2017 to 1.9%, from its February estimate of 2%, warning that household spending is slowing more quickly than expected. The Bank kept interest rates on hold at 0.25% and warned consumers were being squeezed between sluggish income growth and rising inflation. The Bank, unveiling […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • SMEs optimistic but nervous over rising costs
    The latest Business Barometer from Close Brothers found that almost half of SME leaders now believe the UK economy is on an upwards trend, with 21.7% saying they expect their business to perform more strongly over the next 12 months, against 11.8% who expect contraction or closure. The biggest worry for 24.4% of them is […]
Antony Batty & Co LLP
Antony Batty & Co LLP
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New blog articles detected.

  • Brexit funding gap a threat to growth and productivity
    Billions of pounds in EU funding dedicated to supporting small firms must be replaced to avoid the risk of an economic slowdown post-Brexit, according to the latest Federation of Small Businesses (FSB) report. The FSB proposes the creation of a streamlined Growth Fund for England before the Brexit process completes to replace the £3.6bn in […]
Antony Batty & Co LLP
Antony Batty & Co LLP
Blog Article

New blog articles detected.

  • KPMG launches finance option for SMEs
    KPMG has launched a new financing option for SMEs looking to raise debt finance up to £10m. “For any SME looking to raise debt, now is a great time to be in the market. Lenders have funds to put to work, pricing is attractive and the range and variety of funding options available to SMEs […]
Antony Batty & Co LLP
Antony Batty & Co LLP
Blog Article

New blog articles detected.

  • Parties urged to focus on industrial strategy
    Business groups have called on all political parties to commit to securing a trade deal with the EU and protecting funding for start-ups after Brexit. Outlining its demands for the Government after the general election, the EEF rejects Theresa May’s claim that “no deal is better than a bad deal” with the EU. Meanwhile, the […]

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