New data from StepChnage has revealed the effect of Christmas on people’s finances, with nearly seven in 10 (68%) unable to comfortably afford this festive season and nearly a third turning to credit to help fund Christmas shopping. The survey asked 1,533 people who use social media and will be celebrating Christmas this year about…

Bank lending to small and medium sized (SME) retailers in the UK has fallen 6% from £15.6 billion to £14.7 billion since the Brexit vote in 2016, meanwhile large retailers have benefited from a sharp rise in bank lending, says accountants and business advisors, Moore. Over the same period that lending to SME retailers has…

Mounting concerns such as late payments (54 per cent), cyber-attacks (27 per cent) and tax rates (44 per cent) have left the UK’s entrepreneurs fearing for the future. Other challenges include the cost of staff recruitment (19 per cent), maintaining or increasing levels of productivity (31 per cent) and uncertainty over Brexit (44 per cent).…

Recent research carried out with over 2,000 UK university students by smart thinking money app, Yolt has found that 69% of students suffer from anxiety as a result of thinking about money. A clear majority of UK university students say that there should be more access to financial education in schools (87%) and that their…

More than half of consumers (57%) would be happy to ditch all of their passwords and pins and replace them with biometric verification, according to new research from Equifax. The research also showed there is still widespread criticism towards current verification practices, with half of responders (50%) having given up on an online registration process…

Specialist lender Cambridge & Counties Bank has appointed Andrew Arnold as a Relationship Manager in its Cardiff-based Property Finance Team. Arnold, who will report to Paul Howard, will focus on growing the bank’s property book across Cardiff and the surrounding South Wales region. Before joining Cambridge & Counties Bank, Andrew worked for three years at…

According to new research by Sunlife, grandparents are set to spend £2.8 billion just on Christmas gifts for their grandkids this year – almost half a million more than last year and over a billion more than in 2017. SunLife’s research has found that grandparents are planning on spending £81 on each of their grandchildren…

The debt advice apprenticeship, the first-of-its-kind in the UK, has been approved by the Institute of Apprenticeships. The first cohort of advisors will start to study under the new apprenticeship, which will grant them a level 3 qualification, in April 2020. The apprenticeship has been led by a ‘trailblazer group’ from across the debt advice…

Set against a backdrop of unprecedented change – British small businesses are remaining stoic and are facing the next three months with renewed focus and a determination to succeed. New research from Hitachi Capital Business Finance shows that for the sixth consecutive quarter confidence levels have varied only by 1%, with the number of businesses…

Nearly half of small business owners and managing directors (47 per cent) had to stop their own pay due to the impact of unfair payment practices by their buyers, according to new survey findings from engineering services trade bodies ECA and BESA. Overall, three-quarters of business owners said they had made sacrifices, including reducing their…