The asset-based finance industry’s trade body has announced that it will play a “greater role in self-regulation” following allegations over the conduct of invoice finance providers, which advance cash to small businesses against invoices.
Category: News Wire
Daily feed of the best news affecting your small business from media and websites in Britain and across the world
Digital fiction book sales soar, Publishers Association says
A “huge increase” in the value of digital book sales in the UK has been announced by trade organisation the Publishers Association.
Coalition’s investment bank ‘would cause George Osborne to miss fiscal targets’
The Coalition’s plan for a Government-backed investment bank will require £40bn of state funding and is likely to cause the Chancellor to miss his fiscal targets, a think-tank has argued.
FSA told to start compensation process for mis-sold customers
The Financial Services Authority has been told it must start the compensation process for small businesses potentially mis-sold interest rate swaps after complaints the regulator has not done enough to get the process underway.
LEPs given core Government funding
Local Enterprise Partnerships are to be given core funding by the Government following complaints that the new regional growth bodies are being run “on a shoestring”.
Labour was too slow to act on Northern Rock, says top civil servant
Sir Nicholas Macpherson was in front of public accounts select committee after the sale of the ‘good’ part of Northern Rock
John Major: Economic recovery may be under way
The British economy may have passed its “darkest moment” and an economic recovery may be under way, former Prime Minister Sir John Major has said.
Small businesses struggling to raise finance
Small firms are struggling to raise the money they need to expand, according to a survey by business leaders.
Digital stars tackle ‘elitist’ media and tech sectors
Dealmaker Jonnie Goodwin wants to get young people from across the UK to experience life in fast growing businesses.
Barclays tells staff bonuses to be linked to ‘way we do business’
Chief executive Antony Jenkins tells staff of a ‘refreshed set of values’ at Barclays after the Libor rate-rigging scandal
Cable backs capping unfair dismissal payouts
Business Secretary Vince Cable is to announce that workers will face a cut in how much they can win for unfair dismissal at employment tribunals.
Unemployment figures reveal slowdown in public sector job cuts
Number of civil servants declined by 5,000 in quarter, and number of health workers is higher than three years ago
FSA hands life ban to HBOS director Peter Cummings
Former HBOS director Peter Cummings has been fined £500,000 and banned for life from working in the City.
UK on collision course with Germany over eurozone banking regulator
Britain has pushed for Brussels’ new banking regulator to supervise all 6,000 eurozone banks – including Germany’s Landesbanks – in a move that puts London on a collision course with Berlin.
Government to advertise Bank of England governor job for first time
A new governor of the Bank of England to succeed Mervyn King will be chosen by the end of the year through “fair and open competition”, chancellor George Osborne has said, with advertisements for the job to run from Friday.
