It is being reported that Entrepreneurs in the UK are increasingly turning to pawnbrokers for loans. The prime reason appears to be because the traditional banks have been tightening their lending criteria. Chris Gillespie, chief executive of H&T, noted: “The majority of these loans have been used by small business owners or self-employed people.” The…

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According to the policy and advocacy chair at the FSB, small businesses are playing a crucial role in revitalising high streets and local economies. Tina McKenzie says that action is essential to ensure their survival and contribute to the future of town centres. This will include business rates, transport, and parking. One suggested innovative solution…

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The Telegraph reports that the UK manufacturing sector has experienced its fastest production growth since February 2022. The Purchasing Managers’ Index (PMI) registered 52.1 in July, up from 50.9 in June. A reading above 50 indicates growth in the sector. Companies credited the growth to higher demand from new product launches, efforts to clear backlogs…

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Phoenix Group and Schroders have formed a joint venture called Future Growth Capital. Its objective is to invest up to £20bn of pension money in high-growth UK businesses. The investment vehicle aims to deploy the funds into private markets over the next decade. This will give UK long-term savers the potential for higher returns from…

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