Finance

The cure for the issues facing the Peer to Peer lending industry isn’t regulation, but community. By Matt Haycox Last week, the Financial Conduct Authority released their interim feedback of their review of their crowdfunding and peer to peer lending rules. And it didn’t sound good. Andrew Bailey, CEO of the Financial Conduct Authority (FCA), stated that "fast-moving, evolving" peer-to-peer (P2P) lending industry poses "some quite big challenges in terms of transparency and fairness." Following this the FCA announced that...

Yorkshire entrepreneur helps secure future of Hartlepool FC as it expands into property development Leeds entrepreneur and funding consultant Matt Haycox, a consultant for Access Commercial Finance, has helped Hartlepool football club secure funding to follow in the footsteps of Arsenal and Reading FCs - into property development. The club has outlined ambitious property and retail plans for the land currently occupied by the Mill House Leisure Centre adjacent to the 7856 capacity Victoria Park ( also known as the...

FinTech brand Imperial FX have moved into the business sector and secured the number one position for sending money to the Middle East and South America. After merging with Brazilian brand BR Money in 2015 to become Imperial FX, they have re-branded and expanded their expertise internationally to offer some of the best business exchange rates on the market. Since growing their services globally and entering new regions, they have collated a team of professional, service-orientated money experts who have...

Here's a handy business guide to Debt Finance from OakNorth Bank. Debt financing is a method of borrowing money whilst not giving up or selling off ownership of your business. The bank was created to help the UK’s growth businesses and entrepreneurs reach their potential by providing them with bespoke, no-nonsense debt finance solutions, delivered in days or weeks rather than months. 5 points to consider before applying for debt finance from banks, in the UK Featured image: Nguyen Hung Vu via Flickr -...

A report has found that the fall-out from Brexit has reduced UK household wealth, by a huge sum, in the months since the British public voted to leave the EU. The sky-high figure of £1.5 trillion was slashed from the pockets of UK citizens. The report, by Credit Suisse, also found that the number of people in the UK who have more than one million dollars has reduced by almost 15 per cent, one of the largest drops in any...

For many businesses, talking about bitcoin is like talking in a foreign language. With adoption levels currently quite low, most business people know little or nothing about it. As a consequence, apart from early adopters, most businesses are avoiding it as an unnecessary inconvenience. But what if your next great contract is a customer who wanted to pay you in bitcoin? Would you know what to do? Is Bitcoin a secure method of payment? We asked payment specialist Helen Child...

Millions of Brits are plagued with sleepless nights because their finances are in a mess. A new study found six in ten people constantly worry about being able to afford unexpected bills such as car repairs or home maintenance, and more than half panic knowing they’ll have to fork out for Christmas and Birthdays. A quarter of Brits can’t make their wage packet last for the whole month and 22 per cent of people say they can’t afford to go out socially. A...

Do the very rich pay their fair share of taxes? The general consensus across the country would probably assume they don’t, well a new report seems to confirm our suspicions. A third of British super-rich people are having their tax situation investigated. Some people may also be surprised that it is only a one in three of the richest people who might be fiddling the system, but it is at least a start. HM Revenue and Customs (HMRC) is running...

Thousands of businesses across the UK are set to be hit with changes to their business rates, with the majority of increases affecting companies based in the capital. Business rates are calculated in part based on the rental value of properties, and since the last revaluation in 2010 the value of many London properties has significantly risen. Central London, Mayfair, Brixton and Hammersmith are some of the areas set for a major increase in rates. Many will be able to...