Credit, Collections & Insolvency News
Days before the Chancellor delivers the Autumn Budget, more than half of adults (52%) expect it to leave them worse off, according to new research from Creditspring, with just 12% expecting to be better off, so pessimists outnumber optimists by more than four to one. The research shows that many households go into the Budget with…
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Britain’s mid-sized businesses continue to feel overlooked ahead of the Autumn Budget, with more than seven in ten (71%) saying it is hard to find support tailored to their scale. The research, published as part of specialist lender Shawbrook’s M Agenda insight series, shows the proportion of firms struggling to access tailored backing has risen…
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Bibby Financial Services’ (BFS) latest SME Confidence Tracker reveals that small businesses’ greatest wish for Prime Minister Andy Burnham and Chancellor John Healey’s first Autumn Budget is to reduce the cost of doing business. SMEs’ wish-list for the Budget shows that reducing the cost burden is a number one priority. The data showed that a…
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The Chancellor must use next month’s Budget to give businesses the breathing space they need to deliver growth – including by freezing the business rates multiplier for one year – according to the chartered accountancy body ICAEW. Research from ICAEW, which was used to form its Budget submission to HM Treasury, pointed to a clear…
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Almost half (46%) of smaller SMEs say they’re not confident that the Government will drive a ‘pro-business’ agenda compared to only 22% of medium sized businesses according to new analysis from Simply Asset Finance. Notably, the research reveals that much of the goodwill that had been granted to the new Government early in its tenure…
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Eight in ten (86%) of UK small business owners are fearful of Autumn Budget announcements that could negatively impact the growth outlook and finances of their enterprises according to new research from Novuna Business Finance. For those that expressed concerns, the prospect of national insurance hikes (49%), rises to VAT (48%) and income tax (50%)…
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Three quarters of SMEs (74%) say that the upcoming budget will directly impact their future growth plans, according to research from specialist SME lender, Simply Asset Finance. Nearly a third of businesses (31%) say it’ll have a significant impact,13% believe it will be fundamental to them, while just 15% expect the budget to have no…
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New research from Skipton Building Society has found that just one in four people (26%) are feeling hopeful and optimistic about the upcoming Budget announcement. Whilst a further 70 per cent admit to feeling worried or anxious on what the Government may announce. And of those, it is more women (77%) than men (62%) feeling…
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Chancellor Jeremy Hunt has announced the Spring budget for 2024. Commenting on budget, Richard Lane, Chief Client Officer at StepChange Debt Charity, said: “It’s encouraging to see a six-month extension to the Household Support Fund (HSF) announced today, but it’s questionable how much things will improve in that time, especially considering two in five people…
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The Chancellor is set to receive a short-term borrowing boost in his Budget, some of which he will use to prevent a spike in energy bills and petrol prices next month. But in the face of a longer-term weak outlook he faces tough choices on how to resolve public sector strikes and boost Britain’s growth…
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