Banking
Brits hoarding almost £3 billion in leftover holiday money
With summer holidays drawing to an end, many Brits are left feeling blue and cash-poor. But research by peer-to-peer lender Zopa has found that there could be a silver lining.
SMEs confident of funding for investment plans
The majority of UK SMEs believe they would be successful if they applied for a bank loan to fund their investment plans, with three in five feeling confident they would be accepted, according to new research by Clydesdale and Yorkshire Banks.
What’s the alternative? SMEs miss out on new funding options
New research from Aviva reveals that SMEs may be missing out on new funding options due to a lack of awareness and understanding.
M&S Bank £125 current account switching incentive exclusively through MoneySuperMarket
From Monday 1st September consumers looking to take out the M&S Bank current account can pocket a £125 M&S gift card when they switch their current account exclusively through MoneySuperMarket.
Foreign professionals add £210billion boost to the UK economy
Inward talent is making an increasingly important contribution to the UK’s professional workforce and helps the economy prosper according to research by Lloyds Bank.
Women try on 1,340 shoes but only change their bank account once
Unsurprisingly, the overwhelming majority of women (91%) consider looking after their finances to be more important than buying a new pair of shoes (4%).
Caxton FX looks at the new top four currencies you should be buying now
With the announcement that the UK economy is growing at its fastest pace in six years, Caxton FX, a leading international payments company and currency card provider has seen an increase in consumers sending money abroad or purchasing currencies outside of the EU.
New fee structure for Clydesdale and Yorkshire Banks current account customers
Customers of Clydesdale and Yorkshire Banks will start receiving notification of new fee structures for personal current accounts.
Four in ten more likely to bank with a new entrant than a year ago
New research from uSwitch.com, the independent price comparison and switching service, reveals that the wave of new entrants to the banking sector has created even more appetite amongst consumers for an alternative to the high street banks, as four in ten (40%) are now more likely to bank with a new entrant than a year ago.
HSBC offers new Advance account with no monthly fee
HSBC announces that from 10 November 2014 it will be offering a new Advance bank account which will have no monthly account fee. In addition, over 1.3 million existing HSBC bank account holders, who pay a minimum of £1,750 into their account each month, will be automatically upgraded to the new Advance account.
Women more confused by financial jargon, in comparison to their male counterparts
Banks/building societies are at risk of bombarding customers with too much financial jargon – potentially losing their custom to a competitor because they simply don’t understand the language used by them, according to new research.
Nearly a million SMEs are waiting at least three months for payment
Three in five SMEs (61%) have had clients or customers not pay invoices by their due date over the past year, according to new research from automated credit control firm Satago.
Video games companies to begin claiming tax relief
Video games companies across the UK are now able to begin claiming tax relief up to 25% on their production costs.
New ‘retry’ process helps customers avoid fees caused by bounced payments
From Monday 1 September 2014 a retry process will be extended within the banking industry to help customers avoid late payment charges on their account.
Backing for home-based business boom
Budding entrepreneurs will be given greater freedom to start and grow a business from their home under new measures the government has annouced.