UK banks recruit volunteer SME mentors
The UK’s major high street banks are recruiting staff, both current and retired, to act as volunteer mentors to help small businesses thrive.
banks
Are UK banks bad news for umbrella company contractors?
Lord Oakeshott, the former Liberal Democrat Treasury spokesman has accused the UK banks of hindering the economic recovery by refusing finance to small enterprises and charging extravagant rates when they do.
Make sure your contractor earnings are working for you!
Although many people in the UK say they are worried about the state of their own finances, 67% of them have not made any changes to their saving habits since the recession started two years ago.
Bad news for IT contractors working at Lloyds Banking Group
Lloyds Banking Group recently announced it was to cut jobs, a move that will affect 1,150 umbrella company and limited company IT contractors in the UK.
Northern companies struggle to obtain finance
New research shows that small businesses, recruiters and umbrella companies in the north have less chance of obtaining business loans than their counterparts in the south.
FSB calls for more competition in the banking sector
The FSB is asking the government to do more to encourage competition in the banking sector. There have been concerns that the current lack of competition could lead us back into recession.
Cable to clamp down on banks that do not lend to SMEs
SMEs and umbrella companies have been struggling to get much needed finance from the banks and Vince Cable has now put forward the government’s proposals to force the banks to make more funds available for small companies.
A change of government will not help umbrella companies
According to the findings of a new survey by XLN Telecom, SMEs including umbrella companies and recruitment agencies, do not think that Tory victory at the next general election will result in a dramatic upsurge in business.
Lending drought predicted for small businesses
Small businesses across the UK are still struggling to obtain finance, in spite of the targets set by the government as part of its bail-out packages for some of the country’s biggest banks.