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You are here: Home / Archives for Finance

News for: Finance

Cheadle lender Together to create 100 new jobs

July 6, 2023

Former NatWest boss joins Cheadle lender

Former Managing Director of Corporate Banking in the North for NatWest, Richard Topliss, has joined the Cheadle based lender, Together. He brings more than four decades of banking experience to the specialist lender where he will act as a consultant to its corporate team. First joining NatWest in … [Read more...]

Cheadle lender Together to create 100 new jobs

June 30, 2023

Cheadle lender prices residential mortgage backed securitisation

Cheadle specialist lender, Together, has announced the pricing of its £425.5 million residential mortgage backed securitisation (RMBS). The 1st charge only RMBS is the lender's eighth successful securitisation since 2017, and only Together Group's eleventh mortgage backed securitisation overall. … [Read more...]

Vernon Building Society, Reddish branch, Stockport

June 29, 2023

Vernon signs up to Mortgage Charter to support borrowers

Stockport's Vernon Building Society has signed up to the new Mortgage Charter, launched following last week's interest rate rise to protect borrowers. The Charter was announced on 23rd Friday by Chancellor Jeremy Hunt following discussions with major lenders and the Financial Conduct Authority … [Read more...]

use your pension to save tax

June 28, 2023

The Pensions Regulator: ‘We could be knocking on any employer’s door’

Employers in Stockport are to be targeted with spot-check inspections as The Pensions Regulator looks to protect the retirement savings of workers in the borough. Inspection teams from The Pensions Regulator (TPR) have been visiting businesses across Greater Manchester, with more visits set to … [Read more...]

Plans to cut industry carbon emissions in NW secure government funding

June 28, 2023

Energy intensive businesses urged to claim discount on energy bills

Businesses in the most energy intensive industries have one month remaining to claim government support through the Energy Bills Discount Scheme. Companies have until 25th July to claim the discount, which could reduce energy bills by as much as a fifth, that will apply through to April 2024. … [Read more...]

Support measures announced for mortgage holders following interest rate rise

June 26, 2023

Support measures announced for mortgage holders following interest rate rise

Following the Bank of England's decision to raise its base interest rate to 5%, Chancellor of the Exchequer Jeremy Hunt has announced new support measures for homeowners struggling with rising mortgage repayments. The Chancellor met with the UK's main lenders and the Financial Conduct Authority … [Read more...]

Move to end taxpayer bailouts - from the Bank of England

June 22, 2023

Bank of England raises interest rates further to 5%

The Bank of England's Monetary Policy Committee (MPC) has agreed its 13th consecutive rise in its base interest rates, which now stand at 5% The 0.5 percentage point increase brings the bank's base rate to its highest level since early 2008, prior to the global financial crisis that ushered in … [Read more...]

£7 million awarded to help Greater Manchester residents get back into work and meet skills shortages

June 22, 2023

Funding awarded for new ideas to improve Greater Manchester’s foundational economy

40 projects to improve ways of working in Greater Manchester's foundational economy have been awarded a combined total of £400,000 from Greater Manchester Combined Authority (GMCA). Each project has been awarded a £10,000 grant from GMCA's Foundational Economy Innovation Fund, launched in Autumn … [Read more...]

North-west house prices up 4.8% on 2022

June 21, 2023

North-west house prices up 4.8% on 2022

House prices in the North-west rose 4.8% in the 12 months to April 2023, according to the latest UK House Price Index published by the Office of National Statistics (ONS). The region has seen the second fastest house price growth in the UK, behind only the North-east (5.5% growth in the same … [Read more...]

North West to be allocated £281m of the £1.6b Stronger Towns Fund

June 20, 2023

£660m Northern Powerhouse Investment Fund II preparing for 2024 launch

The British Business Bank is preparing to launch a second Northern Powerhouse Investment Fund totalling £660 million to support the region's SMEs. Ahead of the planned launch in 2024, The British Business Bank is also inviting proposals from potential fund managers to operate the Northern … [Read more...]

Cost of Living payments

June 13, 2023

Incomes remain outpaced by inflation, finds ONS, despite 7% annual rise in average pay

Average incomes have risen by 7% on last May but payrises remain outpaced by inflation, according to the latest earnings data released by the Office of National Statistics (ONS). Based on real-time earnings of PAYE taxpayers, estimates for May 2023 indicate that median monthly pay in the UK … [Read more...]

Together provides quarter of a million donation to homelessness charity

June 9, 2023

Together provides quarter of a million donation to homelessness charity

Cheadle-based specialist lender Together, has made a donation of £250,000 to support hundreds of young people into safe and secure housing. The donation will be directed to Centrepoint’s Independent Living Programme, which provides high quality, affordable housing for young people in order to … [Read more...]

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