SME lending falls by 20% in Q3
There has been a 20% drop in lending to SMEs over the last year. This is according to a review by UK Finance. Gross lending to SMEs was £3.5bn in the third quarter of 2023. This compares with £4.4bn in the same period last year. The report attributes the decline to “demand uncertainty, higher interest…
Advice on Cyber Security
As we are all aware, cyber security protection for our IT systems is increasingly important. This is true for all businesses and individuals. We all know of stories of people being tricked into having their accounts hacked. Holding businesses, many large corporations, to ransom is also becoming increasingly common. Avoiding the danger Our advice to…
Excessively ‘Bashing’ the UK high earners could backfire on the economy.
The UK’s top 100,000 taxpayers paid some 24% of all income and capital gains tax in 2021/22. This is according to The Wealth Club (a retail investment firm). The average bill was in the region of £559,000. This was up 18% compared with the previous year. The top 100 earners paid an average £46m each.…
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