The British Bankers’ Association (BBA) has revealed that savers are continuing to make deposits despite interest rates being as low as 0.1 per cent after tax. Continue reading
A report published earlier this month by the Charity Finance Group and the Small Charities Coalition has found that small charities throughout the UK have inadequate financial management in place. Continue reading
Prime Minister David Cameron has hailed a Europe-wide agreement on tackling tax avoidance as a “turning point” after EU leaders agreed yesterday (May 22nd) that countries should work together to ensure more transparency and backed US-led efforts to develop a new global template to combat banking secrecy. Continue reading
According to Oxfam, governments around the world are losing more than £99bn a year in revenue through hidden money, and the charity is urging the Government to take tougher action against UK-linked tax havens. Continue reading
According to Business Secretary Vince Cable, who was speaking at the CBI conference on alternative sources of finance earlier this week, it’s not that banks are refusing credit, just that the conditions they set are so onerous and so risk averse that it makes it very difficult for small and medium-sized enterprises (SMEs) in particular to raise finance. Continue reading
A series of reports this month have pointed to investors eyeing small UK companies for takeover, as they are seen as good areas for early-stage growth. Continue reading
According to the latest figures from the Office for National Statistics, inflation fell to 2.4 per cent in April, down from 2.8 per cent in March, the first time there has been a drop since September last year. Continue reading
In his latest business report on small firms published earlier this month, Lord Young advocates removing the age cap on accessing taxpayer-funded loans to set up a business, which would open funding up to the over 30s. Continue reading
The Financial Reporting Council has recently issued a consultation on a revision to international standards on auditing, which is a reminder that one of the benefits of having an audit means that a firm is being tested against a standard that is understandable to everyone. Continue reading