News

Net Lending to UK SMEs Decreased for Fourth Year

SMEs across the UK are increasingly turning to alternative funding sources because they cannot get the funding they need from the banks (see the video from Independent Media News (IMN) below).

Prison suicides rise by 69% in a year

The number of people taking their own lives in prison has soared by 69% in a year, figures seen by the Howard League for Penal Reform reveal today (31 July).

UK House Prices Rose 0.1% in July Says the Nationwide

The Nationwide building society today reports that the price of an average house rose by 0.1 percent in July to £189,949. This, says the lender, is the slowest rate of increase that it has seen for fifteen months in April last year.

UK business confidence dips despite improved fundamentals in Q2 2014

Global Economic Conditions Survey reveals that UK business confidence dipped despite improved fundamentals in Q2 2014

UK business confidence fell slightly in the second quarter of 2014 with 37% of UK respondents reporting confidence gains, down from 40% in Q1, according to the latest survey of finance professionals.

Panasonic and Tesla sign agreement for the ‘Gigafactory’

Panasonic Corporation and Tesla Motors, Inc. have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory.

CHART OF THE WEEK: UK Recessions and Recoveries

Summary:

The preliminary estimate of GDP growth for the second quarter of 2014, released at the end of last week, suggested that the UK economy

Boris backs competition to find business stars of the future

Mayor of London, Boris Johnson, has backed a nationwide competition which aims to find the best self-employed people operating in the UK and boost their businesses with a grant, business support and financial advice worth tens of thousands of pounds.

PRA and FCA consult on proposals to improve responsibilty and accountability in the banking sector

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector.

People suffering from personal injuries less likely to make claims

New research from YouGov shows that the likelihood of those suffering a personal injury incident to make a formal claim has declined.

Wrong Energy Tax Whacks Charities

Small charities are paying millions of pounds – unnecessarily – in extra VAT charges and environmental tax on their energy bills, according to price comparison service Make It Cheaper.

5 Industries Worried About Peak Oil

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030.

Crowdfunder campaign to transform UK voting scene

Vote for Policies launch Crowdfunder campaign to reach five million voters and transform the UK’s voter apathy.

Over a third of the UK didn’t vote in the last general election, for young people it was over a half. Worse still, almost two thirds didn’t vote in the recent European elections.