New figures released today by the Finance & Leasing Association (FLA) show that FLA members provided £11.1 billion of new business in January 2020, 2% higher than in the same month in 2019. Growth was driven by the consumer finance sector which reported new business up by 4% compared with January 2019.  It was a…

Shoosmiths has announced the appointment of two new Partners in its corporate restructuring and M&A teams. Lemi McAuley, who will be based in Leeds, is a specialist in board advisory and transactional matters and has acted for a number of corporate clients, clearing banks, private equity providers and insolvency practitioners. His appointment means Shoosmiths now…

Accounts payable teams have the power to halt the rise in fraud during the current crisis according to FISCAL Technologies.  The company says tackling financial fraud is more important now than ever – the key is the ability to maintain order and efficiency The ongoing impact of the coronavirus outbreak has seen an increase in…

The TUC has called on the government to provide urgent aid to Britain’s five million self-employed workers. A new report published today says the current measures in place for self-employed workers are “inadequate” with many facing severe hardship over the coming months. The report calls on ministers to extend the wage subsidy scheme announced on…

The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1st April 2020, UK Finance has announced. The decision to raise the limit was taken following consultation between the retail sector and the finance and payments industry and follows similar increases in several other European…