Research from Handelsbanken Wealth & Asset Management has revealed the scale to which parents are supporting their adult children financially during the cost-of-living crisis. Research conducted by Opinium on behalf of Handelsbanken found two-fifths of parents across the UK (39%), the … [Read more...]
News for: Finance
British Business Bank backs £75 million loans for property SMEs
The British Business Bank has agreed to back a portfolio of loans for small businesses within the commercial property sector with Greater Manchester-based Cynergy Bank. The initial ENABLE Guarantee will cover £75 million of lending, with the potential to be increased to £150 million, boosting the … [Read more...]
Inflation falls to 8.7%
Inflation fell to 8.7% in April, according to the latest Consumer Price Index figures published today (24th May) by the Office of National Statistics (ONS). The fall, down from 10.1% in March sees the measure of price increases drop back below double figures for the first time since September's … [Read more...]
Government continues sell off of NatWest shares
The UK government has sold a further £1.26 billion of shares in the NatWest banking group, reducing its stake to 38.6%. NatWest, which includes both the NatWest and Royal Bank of Scotland (RBS) high street banks, was brought largely under government control to protect the deposits of UK business … [Read more...]
Stockport Council introduces new grants for community organisations
Stockport Council has announced the launch of new ‘Spend Well, Live Well’ grants for community organisations provide vital services for borough residents. Funded by the One Stockport Local Fund, any community, voluntary, or social enterprise organisation can apply for a grant of up to £5,000 for … [Read more...]
HMRC urges workers to claim tax refunds of work-related expenses
HMRC is reminding employed workers to make sure they claim a tax refund for any work-related expenses through the government website. It is estimated that 70% of claimants in the 2021-22 tax year missed out on getting the full amount owed due to using an agent to make the claim, rather than … [Read more...]
Together appoints National Account Manager for Networks and Clubs
Cheadle-based specialist lender Together has announced the appointment of Andrew Douglas as new National Account Manager for Networks and Clubs. Andrew (pictured) will be providing education on Together’s diverse range of specialist lending solutions to members and advisors. His key remit will … [Read more...]
Early-stage investor backs Greater Manchester businesses with £15.4 million innovation finance
GC Angels, an early-stage investor backed by Greater Manchester's Local Enterprise Partnership (LEP) has announced total investments in Greater Manchester start-ups of £3.4 milion and unlocked an additional £12 million in private capital since 2018. The investor is now looking to bolster its … [Read more...]
Vernon awards £4,000 to local Community Stars
Stockport’s mutual, Vernon Building Society, has awarded its first round of Community Stars funding of 2023 to local non-profit organisations. The building society has awarded £4,000 to 11 local charities and non-profits. The winners were voted for by colleagues of the Society which has six … [Read more...]
HMRC late payments interest rates revised following base rate rise
Following the Bank of England’s decision to increase its base interest rate to 4.5%, HMRC has confirmed that interest on late payments will also increase. HMRC interest rates are linked to the Bank of England base rate, and set at the base rate plus 2.5%. Repayment interest is set at the higher … [Read more...]
Bank of England base rate rises by a further 0.25 percentage points
The Bank of England's top economists have agreed a further 0.25 percentage point increase in its base rate of interest, which now stands at 4.5%. The bank's Monetary Policy Committee (MPC) have followed in the footsteps of the US Federal Reserve and the Eurozone's European Central Bank in raising … [Read more...]
C&C back cycling challenge to Cure Leukaemia
C&C Insurance Brokers have sponsored a charity lunch to raise awareness for 3,500 km cycling challenge to raise funds for Cure Leukaemia. People do many things to raise money for charity from skydiving to salsa-dancing and biking to bathing in beans. Prof Rob Wynn, Director of the Paediatric … [Read more...]
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