Business Peer to Peer lender ThinCats has announced that the company has been granted full authorisation by the Financial Conduct Authority. The company says that authorisation paves the way to offering a full spectrum of smart investment products, with a number of developments planned including the launch of a ThinCats ISA, subject to obtaining ISA manager…

The Competition and Markets Authority (CMA) has announced new support for consumers and small businesses experiencing unexpected banking fees. From today, two important changes come into force to make it easier to know what charges consumers and companies might face. Firstly, the CMA is forcing banks to be more transparent about the cost of overdrafts and…

Insolvency action may arise as an unintended consequence of the introduction of the new Pre-Action Protocol for Debt Claims on 1st October according to law firm Clarke Willmott. Karen Chapman from Clarke Willmott LLP. Chapman says the Ministry of Justice’s protocol will potentially make it a longer and more onerous process to recover debts from sole traders or…

The body that administers the Prompt Payment Code (PPC) on behalf of the Government says that the Code is having a demonstrable impact on improving the payment practices of larger firms. As the Code registers its 2,000th signatory, The Chartered Institute of Credit Management (CICM) points to a series of recent announcements from supermarkets and…

The Federation of Small Businesses (FSB) is calling for improved lending standards and an enhanced British Business Bank (BBB) in support of new recommendations from the Banking Futures initiative. FSB is urging all banks to sign-up to the Lending Standards Board (LSB)’s standards of practice for business customers, as set out in the ‘Banking Small…

The Federation of Small Businesses (FSB) has called on Communities Secretary Sajid Javid to provide a letter of direction to local councils in England to speed up help for small firms facing unacceptable increases in their Business Rates. £300 million in discretionary relief was promised in the Budget in March, yet many local authorities have so…

The Federation of Small Businesses (FSB) has welcomed the Government’s announcement that 32 of it’s biggest suppliers have signed up to the Prompt Payment Code. The move represents a positive step in tackling the poor payment culture that is rife in the UK. Research from FSB highlights that the UK’s poor payments culture costs the…

The Insolvency Practitioners Association (IPA), Royal Institution of Chartered Surveyors (RICS), and the Non-Administrative Receivers Association (NARA) have announced the re-launch of their joint initiative with updated and extended regulation of property receiverships. A new Memorandum of Understanding provides for some important changes which should increase transparency and reassure stakeholders. All Registered Property Receivers will…

Hundreds of thousands of UK businesses will be potentially at risk of huge fines (up to 4% of a firm’s global annual turnover)  by not complying with the forthcoming EU General Data Protection (GDPR)  next May, according to latest research published by UK’s first fully compliant GDPR job board CareersinCyberSecurity.co.uk and London law firm Hamlins…

Fewer than half as many female than male business owners are confident about the future success of their businesses post-Brexit. New research conducted by RateSetter Business Finance has revealed that only 10% of women business leaders believe that leaving the EU will be positive for their business. This contrasts to the fact that twice the…