The CPI, the Office for National Statistics' (ONS) headline measure of annual inflation, stood at 6.8% in July, down from 7.9% in the previous month. The fall by 1.1 percentage points in the CPI brings inflation to its lowest level in 15 months. Month-on-month, the ONS recorded a 0.4% fall in … [Read more...]
News for: Finance
HMRC invites taxpayers to use online checking tool to find out they need to complete a Self Assessment tax return
HMRC is reminding people who have had a change in their circumstances to check if they need to complete a Self Assessment tax return for the 2022-23 tax year. Taxpayers can use the free online checking tool on the government website to ensure they register with HMRC by 5th October for Self … [Read more...]
Specialist lender cuts interest rates across fixed rate mortgage products
Cheadle-based specialist lender, Together, has cut the interest rates on the majority of its fixed rate mortgage products for both personal finance and commercial customers. Despite the Bank of England's recent rate rise, Together will lower pricing of its two-year fixed mortgages and consumer … [Read more...]
North West sees modest growth in business activity in July
Business activity in the North West continued to rise in July, according to the findings of NatWest's latest regional PMI survey. The headline North West PMI Business Activity Index registered 51.9 in July, down slightly from June, but remaining above 50.0 threshold, below which indicates a … [Read more...]
SME finance specialist hits £275 million investment in Northern businesses
SME finance specialist, FW Capital, has announced its investment has totalled of £275 million of funding into businesses across Northern England. The investment by the firm is understood to have created and safeguarded 12,000 jobs across the region, and had an overall funding impact of over £600 … [Read more...]
Interest rates rise to 15 year high
The Bank of England has raised its base interest rates to 5.25%, their highest level in 15 years as it continues to respond to high inflation. The latest 0.25 percentage point rise represents the fourteenth consecutive decision by the Bank's Monetary Policy Committee to increase the base rate of … [Read more...]
NPIF facilitates £1 billion of investment into Northern businesses
The Northern Powerhouse Investment Fund (NPIF) has facilitated the investment of more than £1 billion for businesses across the North of England since launching in 2017. Funding has been delivered through £405 million of direct and £613 million private sector co-investment. Established by the … [Read more...]
Profit warnings fall across North West’s listed companies
The number of listed companies in the North West issuing profit warnings during the second quarter of 2023 fell by nearly half on the previous quarter, according to EY-Parthenon's latest profit warning report. Just five listed businesses in the region issued profit warnings between April and June … [Read more...]
Together donates £1 million to charity in 2023
Cheadle-headquartered specialist lender Together has announced it has donated over £1 million to charity in the 2023 financial year. The funds, donated to local charities across the region, have been used to support a range of projects, from new affordable housing for young people facing … [Read more...]
Inflation fell to 7.9% in June
The annual rate of inflation fell to 7.9% in June, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The measure of price changes found that the cost of the ONS' basket of goods had increased 7.9% on where it was last year, but just 0.1% on … [Read more...]
Senior promotion at Cheadle lender
Cheadle based lender, Together, has announced the promotion of Chris Baguley to Group Channel Development Director. Previously Managing Director of Corporate at the lender, his new role will see him lead on taking the financial services group into new markets and raise greater awareness of the … [Read more...]
May GDP data reveals stagnation in UK economy
The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]
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