Peer-to-peer lending has the potential to kickstart the economy by providing credit for small businesses, says James Meekings.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
‘Simpler’ flat-rate state pension unveiled
Plans for a “simple” flat-rate state pension have been unveiled, but many of those entering the workforce now will be worse off than under current rules.
UK inflation expected to stick at 2.7%
Official figures expected to show CPI at 2.7% for third month in row after steep rise in energy bills offset by cheaper fuel
British banks admit poor lending decisions, says Lord Green
Britain’s largest banks privately admit they are in a “downward spiral” of poor lending decisions and have a “computer says no” attitude to small businesses, according to the former chairman of HSBC.
HMV calls in administrators, putting 4,350 jobs at risk
HMV has called in administrators from Deloitte, putting 4,350 jobs and 238 stores at risk as it becomes the latest retail casualty on the high street.
Jaguar Land Rover to create 800 new jobs
Jaguar Land Rover has announced the creation of 800 production jobs at its plant in Solihull.
Angel investors alerted to tax breaks
Angel backers of start-ups are being urged to take advantage of “ridiculously generous” tax incentives after it emerged that a capital gains tax “holiday” for investors will be available until 2014.
Moonlighting: the spare-time entrepreneurs
More and more people are starting their own business, and many are doing it without giving up the day job. Jessica Salter talks to four entrepreneurs who are burning the candle at both ends to make their dreams a reality.
Bank of England refrains from further QE stimulus
The Bank of England has decided not to extend its quantitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.
Love-film backer to raise £250m for tech firms
Balderton Capital, which has backed the likes of Bebo, Betfair and Lovefilm is to raise a £250m fund to invest in technology-focused companies.
Libor scandal: RBS executives under pressure to resign
Two of Royal Bank of Scotland’s best-paid executives are under pressure to resign and hand back up to £15m in bonuses over alleged Libor-rigging at the group.
FTSE 100 hits pre-financial crisis levels
January stock market rally resumes with the FTSE 100 rising 45.02 points to 6098.6, marking its highest close since 22 May 2008
Former HBOS managers charged in £35m fraud investigation
Two former senior managers at HBOS were among eight people charged on Tuesday night in connection with an alleged £35m fraud.
Jessops collapses into administration
Camera retailer Jessops has collapsed into administration, putting around 2,000 jobs at risk.
Business leaders urge Cameron not to ‘risk’ EU membership
Ten of the UK’s leading business figures have warned David Cameron not to put membership of the European Union “at risk” in negotiations over the country’s relationship with Brussels.
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