CashNews.co In Britain, fear of a dystopian surveillance state has resulted in resistance towards identity cards. Legal entity identifiers (LEIs) harbour similar paranoia. But LEIs could make British trade finance more accessible, secure, accurate, and transparent. The issue of personal identity (ID) cards in the UK has been contentious for many years. Their purpose was […]
CashNews.co by ReutersOctober 29, 2024October 29, 20240 Share0 Britain’s Chancellor of the Exchequer Reeves leaves 11 Downing Street in London (Reuters) – British finance minister Rachel Reeves will hand the UK government’s armed forces a funding boost of almost 3 billion pounds ($3.90 billion) in the Oct. 30 budget, […]
CashNews.co New research shows that nearly 90% of financial leaders have felt the impact of Budget uncertainty in 2024, with over 70% postponing or canceling planned investments as they await clarity from the upcoming Autumn Budget. The survey, commissioned by payments solutions provider Equals Money and conducted with 400 UK financial decision-makers, found a strong […]
CashNews.co Millions of workers across the UK are set to see a boost in their pay packet following Wednesday’s autumn Budget. Chancellor Rachel Reeves will present her first Budget to the House of Commons tomorrow (October 30), in which Labour is expected to announce a boost to the national minimum wage. Reports indicate that workers […]
CashNews.co Running a business comes with unique financial challenges, whether you’re just starting out or already scaling. Many entrepreneurs face barriers accessing the financial tools they need from traditional banks, including slow processes, poor or unestablished credit, or the lack of tailored products for online businesses. In fact, more than one-quarter of small businesses do […]
CashNews.co By Najiyya Budaly ( October 29, 2024, 4:57 PM GMT) — Santander said Tuesday that it will delay the publication of its third-quarter results as it seeks to review the implications of a landmark court ruling that lenders must fully disclose to customers the commission that is paid to car dealers…. Law360 is on […]
CashNews.co Households across the UK can keep their homes warm and cosy all night long without breaking the bank on heating costs. Keeping energy bills low will be a priority for many this winter after Ofgrem this month increases its price cap. The hike adds an extra £149 to bills for typical households in England, […]
CashNews.co Optimum SME Finance Limited, a specialist in invoice financing, has been acquired by eCapital Commercial Finance Limited, an independent invoice finance company with an extensive presence across the UK. While the financial terms of the transaction were not disclosed, both firms are optimistic about the strategic potential this deal presents. Ant Persse, CEO of […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lenders have held urgent talks with the UK Treasury and the main financial watchdog over the risk of turmoil in the consumer credit sector, days after a court ruling against car finance commissions that […]
CashNews.co The Budget is less than a day away, and markets are on edge. As I warned yesterday, Reeves is about to take a massive gamble with the nation’s finances. If she gets it wrong, we face a second Liz Truss moment. This afternoon we edged another step closer. As well as hiking taxes and […]