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You are here: Home / Archives for Finance

News for: Finance

Move to end taxpayer bailouts - from the Bank of England

September 21, 2023

Bank of England holds interest rates at 5.25%

The Bank of England's Monetary Policy Committee has opted to hold interest rates at 5.25% following yesterday's (20th September) surprise fall in inflation. Economists at the bank voted 5-4 in favour of holding the rate at 5.25%, with those opposing the decision calling for a 0.25 percentage … [Read more...]

Food price rises drive inflation back up

September 20, 2023

ONS records slight drop in inflation

Inflation fell slightly from 6.8% in July to 6.7% in August, according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The latest decline, albeit just by a tenth of a percentage point, brings inflation to lowest level in 16 months. The main contributing … [Read more...]

HMRC Self Assessment Tax Returns

September 20, 2023

Two weeks remain to register for Self Assessment for 2022-23 tax year

HMRC is reminded those who are have to pay tax via Self Assessment for the first time for the 2022-23 to register by 5th October. If a customer has any income that they have not already paid UK tax on, they need to register for Self Assessment. New Self Assessment customers could be someone who … [Read more...]

Manchester Airport reveals successful start to the summer holiday season

September 15, 2023

Manchester Airports Group raises £360 million in bond markets

Manchester Airports Group (MAG) has raised £360 million in the UK capital markets through the issuances of an 18-year bond which attracted interest from blue-chip UK investors. The bond, issued at a rate of 6.125%, was four times oversubscribed, totalling around £1.4 billion at its peak, … [Read more...]

Start Up Loans name North West as most entrepreneurial UK region outside London

September 13, 2023

Start Up Loans hits £1 billion milestone of support for UK small businesses

The government-backed Start Up Loans scheme, part of the British Business Bank, has delivered more than £1 billion worth of loans to small businesses nationwide since launching in 2012. In the North-west, businesses in the region have secured almost £122 million in 13,020 loans, with an average … [Read more...]

Cheadle lender Together to create 100 new jobs

September 12, 2023

Together prices residential mortgage backed securitisation

Cheadle-based specialist lender, Together, has announced the successful pricing of its £443 million residential mortgage backed securitisation (RMBS). The latest pricing of the 1st charge only securitisation is the second for the non-bank lender in just three months, and only its ninth overall. … [Read more...]

Rise in business confidence revealed in North West PMI survey

September 11, 2023

North West business activity fell in August for first time in seven months

Business activity levels across the North West fell for the first time in seven months in August, according to the latest Regional PMI survey by high street bank NatWest. The headline North West PMI Business Activity Index – a seasonally adjusted index that measures the month-on-month change in … [Read more...]

Vernon Charitable Foundation logo

September 5, 2023

The Vernon Building Society seeks Trustees for new charitable foundation

Vernon Building Society, Stockport’s home-grown building society, is seeking to recruit Trustees to join the organisation’s new charitable foundation. The Vernon Charitable Foundation is being established as part of the Vernon Building Society’s celebration of its centenary year as it builds on … [Read more...]

August 21, 2023

GC Angels becomes North West delivery partner of Fund Her North, empowering the regions female entrepreneurs 

GC Angels, one of Greater Manchester’s leading early-stage equity investors, has announced a partnership with NorthInvest to deliver Fund Her North activities across the North West, increasing its commitment to driving change across the Northern investment landscape.   The collaboration … [Read more...]

Business Finance offers advice for business growth

August 17, 2023

NPIF microfinance deal for Stockport digital media firm

Stockport based 9Ways Digital Media has secured a £55,000 loan from NPIF – River & GC Microfinance, part of the Northern Powerhouse Investment Fund (NPIF). Established in 2019, 9Ways Digital Media provides audio-visual media services for the healthcare sector, and during the Covid-19 … [Read more...]

Food price rises drive inflation back up

August 16, 2023

Inflation fell to 6.8% in July

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...]

HMRC Advice

August 16, 2023

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...]

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