May 8, 2013Appetite grows for UK pension saving
Appetite for pension saving at Britain’s biggest companies is proving better than expected, with nine out of 10 workers staying in company plans after being automatically enrolled, according to a new study.
The news will be welcomed by the government, which launched its automatic enrolment initiative in October with indications that almost one in three new [...]
April 26, 2013Will Co-Op pull out of banking?
For Lloyds, the Co-Op’s decision not to buy 631 branches with £25bn of deposits from it should not be too damaging.
The European Commission is forcing Lloyds to dispose of this operation, which is being rebranded as TSB, to promote competition, and that will still happen - by floating the separated business on the stock market.
Buy-to-let landlords could be the biggest beneficiaries of the Bank of England’s expanded Funding for Lending Scheme, providing another state-backed fillip to the property market.
The BoE gave the go-ahead on Wednesday for banks tapping its new funding mechanism for small- and medium-sized businesses to be allowed to lend the money on to property investors.
Under the [...]
April 24, 2013Stoke £1 homes on sale in plan for city
The first of hundreds of homes in Stoke-on-Trent that were bought for demolition as part of the previous Labour government’s urban regeneration programme are being offered for sale for just £1 each in an effort to revive the city.
The £3m project is the first attempt by the city’s Labour-run council to address the disastrous legacy [...]
April 23, 2013Pub tenants get help under code of practice
New proposals to help pub tenants struggling to pay rent or beer prices have been unveiled by the government. They include a new code of practice and the backing of a "powerful" adjudicator after complaints about abuse of the "beer tie".
So-called "tied pubs" are required to buy supplies - often at high prices - from [...]
April 15, 2013The top five accountancy errors made by small businesses
The top five accountancy errors made by small businesses
Getting into bad habits with your business bookkeeping is a downward spiral that could cost you time and money, as well as make dealing with your business finances unnecessarily complicated. Here’s some common errors and how to avoid them.
Leaving it too long
Bookkeeping isn’t the most enjoyable [...]
April 10, 2013Carrying on banking
Imagine an Ealing comedy of our time - a very British fiasco in which a gang of blithering incompetents take part in an elaborate reverse heist.
They take over the running of a bank and proceed to throw colossal amounts of money out the door, unclear where it’s coming from or what they’re going to do [...]
Many company directors are far from alone when they allow their company to be in significant arrears with payments to HMRC for VAT, PAYE, Corporation Tax or CIS.
Often seen as the creditor to pay last, delaying payment to HMRC is a risky strategy to employ and has inherent risks. These risks are threefold: firstly the [...]
April 5, 2013SMMT: UK March car sales beat expectations
UK new car registrations outperformed expectations in March, jumping almost 6% against a year ago, the Society of Motor Manufacturers and Traders (SMMT) has said.
The SMMT said March, when new number plates are released, was typically a strong month for car registrations.
However, the increase this March is well above the almost 2% recorded at the [...]
April 3, 2013What happened to Japan’s electronic giants?
Japan’s electronic giants once ruled the world. Sony, Panasonic, Sharp were household names. Now those same companies are in deep trouble, losing billions of dollars a year. How have the mighty Japanese companies fallen so low? The BBC’s Rupert Wingfield-Hayes in Tokyo looks at what went wrong.
If you want to get an idea of what’s [...]
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