Chancellor of the Exchequer, Jeremy Hunt, has set out his plans for the economy in his Autumn Statement, presented to the House of Commons on Wednesday 22nd November. Addressing the House of Commons, the Chancellor outlined proposals to grow the economy through boosts to productivity, and to … [Read more...]
News for: Finance
Business leaders responds to Autumn Statement
Business leaders from across the North-west and nationwide have shared their reactions to 22nd November's Autumn Statement from the Chancellor of the Exchequer. Chancellor Jeremy Hunt announced a number of tax cuts and investment plans in the light of the economy having performed better than … [Read more...]
Together achieves further loan book growth in latest quarterly results
Cheadle-based specialist lender, Together, has shared further growth in its loan book in its quarterly results the three months ending 30th September 2023. The non-bank lender has seen the value of its loan book grow to £6.6 billion with low arrears and conservative LTVs. Average monthly lending … [Read more...]
Nearly 10% rise announced for National Living Wage
The National Living Wage will rise by 9.8% in April 2024 to £11.44 per hour for workers aged 21 and over, the largest single increase in the statutory minimum rate of pay since its inception. Following the publication of the Low Pay Commission's recommendations on the rates that the National … [Read more...]
Business owners largely ill prepared for unexpected offers from corporate buyers, finds Azets
50% of business exits have stemmed from an unexpected approach from a buyer, however many business owners have failed to maximise shareholder value because they are ill prepared for the ‘tap on a shoulder’ approach, according to research by Azets. The top 10 accountancy firm's data is based on a … [Read more...]
New information hub to launch to help Stockport businesses connect with finance and investment
Stockport businesses of all sizes can now access information to help in finding finance and investment via an new service from the Growth Company. SimpliFi offers clear and accessible information about the available finance options available to businesses, including equity investments, debt … [Read more...]
Over £121 million in Self Assessment tax payments made since April using the HMRC app
Nearly 100,000 customers have made £121 million in Self Assessment tax payments using the HMRC app, according to the UK tax authority's latest figures. Between April and September 2023, 97,365 customers have used the app to settle their tax bill for the 2022 to 2023 tax year, with more than three … [Read more...]
Inflation falls to 4.6% in October
The Office of National Statistics' (ONS) headline measure of inflation, the Consumer Price Index (CPI), has fallen to 4.6% in October, less the half the rate of price growth seen at the start of 2023. The latest CPI data shows inflation having fallen 2.1 percentage points form 6.7% in September. … [Read more...]
Together provides funding line for social housing company
Two entrepreneurial brothers have committed to improving the lives of hundreds of Manchester’s vulnerable adults with ambitious plans to grow their social housing company using finance from Cheadle-based lender Together. Business partners Ron and Servak Singh (pictured) have big plans for social … [Read more...]
Latest UK GDP data shows zero growth in third quarter of 2023
The latest GDP data published by the Office of National Statistics (ONS) shows the UK economy has seen no growth in output in the three months from July to the end of September 2023. The latest data from the ONS shows the economy grew just 0.2% during September 2023, and 0.1% in August, balancing … [Read more...]
Vernon Building Society receives Living Wage Employer accreditation
Stockport's Vernon Building Society has been accredited as a Living Wage Employer by the Living Wage Foundation. The building society's Living Wage commitment will ensure all colleagues at the Vernon receive a minimum hourly wage of £12, higher than the current government minimum for over 23s, … [Read more...]
Greater Manchester businesses boosted by £45 million from NPIF backed investment fund
Businesses in Greater Manchester have secured nearly £45 million of?investment from NPIF - FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF). The investment has attracted co-investment of over £70 million from the private sector, resulting in an impact on businesses … [Read more...]
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