Latest annual inflation data from the Office of National Statistics (ONS) has revealed the Consumer Price Index (CPI) has risen by 3.8% in July. The increase, up from 3.6% in June, has exceeded economists expectations and is well above the Bank of England's 2% target for inflation. The Bank of … [Read more...]
News for: Finance
Vernon Building Society launches financial education campaign for 13-21 year olds
Ahead of UK Savings Week, Stockport's Vernon Building Society has launched a Smart Money Summer financial education campaign for young people. Targeting 13 to 21-year-olds, Smart Money Summer aims to educate and engage young people on financial topics, build trust and loyalty amongst Gen Z and … [Read more...]
North West firms express increased optimism about outlook, finds NatWest survey
Despite revealing a drop in activity in the start of Q3 of 2025, the latest NatWest Growth Tracker saw firms in the North West express increased optimism for trading conditions over the next 12 months. The region's Business Activity Index – which measures changes in the region's output of goods … [Read more...]
Bank of England announces 0.25 point cut to interest rate
Economists at the Bank of England have voted to cut its base interest rate by 0.25 percentage points to 4%, its lowest level in two years. The bank's Monetary Policy Committee (MPC) voted 5-4 in favour of the cut, with those against opting to hold rates at the previous level in light of … [Read more...]
Charities across Stockport urged to apply for grants of up to £5,000 from Vernon Building Society
Charities across Stockport are encouraged to apply for grants of up to £5,000 from the Vernon Building Society's charitable foundation before the deadline of 29 August 2025. Since launching in January 2024, Vernon Charitable Foundation has given out £73,500 to 24 local charities. It was launched … [Read more...]
Growth Guarantee Scheme supports £270 million in lending to North West businesses
The British Business Bank has reached the landmark milestone of £2.5 billion of lending nationwide under its Growth Guarantee Scheme, with the North West receiving £272 million across 1,495 facilities alone. 69% of lending has been delivered to businesses outside London and the South East, and … [Read more...]
Together treats Stockport schoolchildren to a wild day out
Children from Adswood Primary School were treated to a memorable day out at Chester Zoo this July thanks to support from Stockport-based finance company Together. The trip gave pupils the chance to explore the renowned zoo and see animals including elephants, giraffes, and bears up close. Each … [Read more...]
British Business Bank delivers £700 million boost for North West economy
The North West economy is expected to see a £700 million boost in output as a result of support for businesses in the region provided through the British Business Bank in 2024/25. The UK government’s economic development bank has revealed in its latest annual Impact Report that its support of … [Read more...]
UK Export Finance delivers record support for businesses
UK Export Finance provided a record £14.5 billion in new financing in 2024-25, supporting over 650 UK companies to grow by selling overseas. The export credit agency, working alongside the Department for Business and Trade, provided the highest level of support in its 106-year history in 2024-25 … [Read more...]
North West economy ends quarter on a stable footing, finds NatWest tracker
Business activity stabilised across the North West private sector in June, following a decline in output in recent months, the latest NatWest Growth Tracker survey has revealed. The headline North West Business Activity Index – which measures changes in the region's output of goods and services – … [Read more...]
Lloyds Business Barometer finds sustained rise in business confidence
A monthly business survey conducted by high street banking group, Lloyds, has revealed a sustained rise in business confidence across the UK. Business confidence increased by 1 point to 51% in June nationwide, with the North-west seeing a 3 point rise to 55%. The rise follows a sharper rise in … [Read more...]
Handelsbanken research reveals generational differences in financial habits
Research commissioned by Handelsbanken Wealth & Asset Management has revealed the generational differences in financial tasks and decision making. The relationship bank's research found found that 39% of 18-34-year-olds use their phones for mortgage and rental payments, compared to just 8% of … [Read more...]
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