The overwhelming majority of workers aged over 50 in the UK will not have the luxury of retiring early, analysis from Handelsbanken Wealth & Asset Management shows. Government data shared by the ONS has found 86% of those aged 50-54 and 65% of those aged 55-59 are considering a return to … [Read more...]
News for: Finance
Review launched to tackle late payments for small businesses
The Business Secretary Grant Shapps has announced the launch of a review into tackling late payments for small businesses and encouraged larger organisations to ensure their suppliers are paid promptly. The Payment and Cash Flow review will scrutinise existing payment practices and the measures … [Read more...]
Together appoints new South Regional Sales Manager
Cheadle headquartered specialist lender, Together, has announced the appointment of Annette Tilbury as commercial finance Regional Sales Manager for the South. Her role will entail looking after key packager partners across the region, helping to train, support and develop the relationships that … [Read more...]
Spiralling costs stalling UK businesses’ investment plans, finds Together survey
Hundreds of UK businesses have slashed millions from their investment plans amid turbulence in the UK economy, according to a new survey by Cheadle-based specialist lender, Together. Business leaders heading up 300 small and medium enterprises (SMEs) said they had invested an average of £565,000, … [Read more...]
Consultation opens on Stockport Council 2023/24 budget proposals
Stockport Council is inviting local residents to share their views on budget proposals for the coming 2023/24 financial year in a consultation that will run until 24th December. The council’s medium term financial planning forecasts a budget gap (where planned spend to deliver services is in … [Read more...]
Together reveals highly profitable first quarter
Cheadle based lender, Together, has revealed its first quarter results for the three months to the end of September, announcing profits before tax of £34.7 million. The specialist non-bank lender has also seen its loan book grow further to £5.7 billion, with low levels of arrears, an increase of … [Read more...]
North West small business finance markets on track despite economic headwinds
The British Business Bank’s second annual Nations and Regions Tracker has identified promising signs in the North West equity finance market in spite of the challenging macroeconomic conditions. Across the region, the number of smaller firms using external finance rose slightly – with 44% of SMEs … [Read more...]
Chancellor delivers Autumn Statement
Chancellor of the Exchequer Jeremy Hunt has delivered his Autumn Statement, setting out a raft of tax increases and spending cuts in a bid to shore up the UK's public finances. Addressing the House of Commons, Jeremy Hunt set out three priorities of his Autumn Statement: stability, growth and … [Read more...]
Business community reacts to Chancellor’s Autumn Statement
Business leaders from across the North-west and the rest of the UK have shared their reactions to yesterday's Autumn Statement from recently-appointed Chancellor, Jeremy Hunt. In his first Autumn Statement as Chancellor, Jeremy Hunt set out a number of major tax increases and spending cuts across … [Read more...]
Grants up for grabs for Stockport’s innovative businesses
Innovative businesses in Stockport are being invited to apply for funding to bring new products and services to market. Innovation Vouchers via the GC Business Growth Hub will provide grants of £3000 to £5000 and link ambitious SMEs with support from local universities and research facilities. … [Read more...]
Ten years of Automatic Enrolment achieves over £114bn pension savings
Automatic Enrolment has helped millions put more into their pension pots, according to new figures released to mark 10 years since the policy was introduced. In 2021, employees across the UK saved £114.6 billion into their pensions. This is a real terms increase of £32.9 billion compared to 2012, … [Read more...]
Bank of England agent to present latest Monetary Policy Report to Stockport professionals
We are pleased to invite you to the South Manchester Financial & Professional networking event, which will be held at the Deanwater Hotel, Stockport on Thursday 1st December 2022. The meeting will cover the Bank of England’s latest Monetary Policy Report, presented by Ken Clark, Deputy Agent … [Read more...]
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