Dec 19, 2023 | Current Affairs
SMEs borrowed £3.5 billion in the third quarter of 2023, marking the fifth consecutive quarterly decrease in lending. This represents a 20% reduction in gross lending compared to 2022, attributed to heightened demand uncertainty, increased interest rates and the...
Dec 18, 2023 | Current Affairs
In the latest monthly insolvency statistics for November 2023, the United Kingdom witnessed a notable surge in registered company insolvencies, reaching 2,466 - an alarming 21% increase from the same month in 2022. This surge surpassed levels observed during the...
Dec 15, 2023 | Current AffairsSavings
With 2023 drawing to a close, the Bank of England's Monetary Policy Committee (MPC) has voted to maintain the base rate at 5.25% by a majority of 6-3. Yesterday's (14 December) decision marks the third time in a row that the Bank's base rate has stayed at this level,...
Dec 14, 2023 | Current Affairs
The latest official data from the Office for National Statistics (ONS) reveals a deceleration in UK wage growth and concerning signs of a stalled job market, posing challenges for economic recovery. Pay growth, excluding bonuses, eased to 7.3% in the three months to...
Dec 13, 2023 | Current Affairs
The UK economy contracted by more than expected in October, falling by 0.3%, signalling challenges for both consumers and businesses. The setback follows a modest growth of 0.2% in September, with many economists predicting the economy would only shrink by 0.1% in...
