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Inflation reaches 6.2% ahead of Chancellor’s Spring Statement

The Office of National Statistics' (ONS) Consumer Price Index (CPI) has revealed a 6.2% rate of annual inflation, the highest figure in 30 years and up from last month's record 5.5%. The latest ONS data on inflation comes ahead of Chancellor Rishi Sunak's Spring Statement, set to be announced … [Read more...]

Bank of England raises interest rates to 0.75%

The Bank of England's Monetary Policy Committee has voted to increase interest rates by 0.25 percentage points to 0.75%. The rise is the second increase in interest rates in 2022, and restores the base rate to its pre-pandemic level. The rate is now back at its joint highest level since March … [Read more...]

Together backs Stockport church conversion

Cheadle-based specialist lender, Together, has backed the conversion of a deconsecrated Stockport church into a scheme of nine apartments. Local landmarks including pubs, churches, post offices and banks which dotted the UK’s highstreets have become prime property investment spots for developers, … [Read more...]

HMRC warns against Self Assessment scams

Self Assessment taxpayers are being urged to be wary of scammers looking to steal money or personal information by posing as HMRC. Last year, more than 570,000 instances of scams were reported to HMRC, particularly shortly after the 31st January Self Assessment deadline, with those taxpayers most … [Read more...]

Vernon rewards colleagues with salary rise

Stockport’s building society, Vernon, has reviewed its employee salary and reward packages and boosted pay to reflect its commitment to colleagues. Against the backdrop of the rising cost of living, the mutual has committed to a minimum living wage for all employees and given an average 4% pay … [Read more...]

musicMagpie well-positioned for 2022 despite dip in revenues

Stockport-based recommerce group, musicMagpie, has seen its annual revenues dip in the year ending 30 November 2021, but advises it is well-positioned for future growth. In year-end figures published today (2nd March), the group revealed revenues were down 5.1% on 2020 numbers, in line with … [Read more...]

CBI calls on Chancellor to extend policies for growth

The CBI, representing 190,000 UK businesses, has called on the Chancellor to extend a number of economic policies and avoid low-growth as the country recovers after the Covid-19 pandemic. The organisation has estimated that targeting 2.5% growth for post-pandemic recovery could add £100 billion … [Read more...]

North West set for record year of equity investment

Equity investment in businesses in the North West is expected to reach a record high in 2022 according to a new report published by the British Business Bank. According to the British Business Bank’s eighth annual Small Business Finance Market 2021/22, the investment value of equity deals was … [Read more...]

Expert Opinion: Why has financial market volatility picked up?

As financial market volatility has risen in recent months, most recently with the Russian invasion of Ukraine, asset managers from Handelsbanken discuss the factors at play in their latest Investment Insight. Setting the scene for a perfect storm of volatility The COVID-19 crisis appeared to … [Read more...]

Cheadle lender sees loan book grow to £4.4 billion

Cheadle headquartered specialist lender, Together, has seen its loan book grow to £4.4 billion, the firm has revealed in financial results for the quarter ending December 31st, 2021. The lender reported that its loan book had grown by 13.8% on figures from the previous year, and were up 4.6% on … [Read more...]