Finance

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...

Shocking news has emerged via a study that has found the shocking situation NHS workers have found themselves in. The study, by Unison, discovered that nurses are using food banks and applying for pay day loans just to get through the month, until the next pay day. The trade union said that years of pay freezes has left NHS staff without the funds to make ends meet. The survey of 21,000 workers found that one in ten had to pawn...

Recent research has found that people in their 30s are half as wealthy as those in their 40s when they were the same age, signalling a drop in wealth levels. This has made it harder to afford houses, led to lower pension levels and made it harder to save up. In the short term at the very least, Brexit is also set to force down the standard of living for most people as huge drops in £GBP is leading to...

49% are given no information on their energy supplier at the start of their tenancy. 18% of renters miss out on huge savings available by switching. 12% think landlords are responsible for shopping around for a better deal, even when the tenant pays the bill. MoneySuperMarket urges renters to take control wherever possible and switch for savings of up to £359 per household. UK renters1 are missing out on savings worth over £1 billion2 collectively on their energy bills, because...