Business news
SME lending declines
UK Finance’s business finance review reveals notable decline.Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.HMRC discontinues tax clearance for MVLs
Clearance service withdrawn with immediate effect.House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.UK economy faces stagnation until 2025
Multiple challenges contributing to subdued growth.FSB joins forces with BoE to safeguard SMEs against counterfeit notes
Cash payments set to surge over the Christmas period.Manufacturing output declines in three months to November
Industry trends survey showed that production fell to -17%.
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