News

"News is something that happens that matters to you, 

which is not most of what we watch on television"

                                                                                                                                      Val Kilmer 


Atom Bank, a totally online bank based in Durham, has secured a £30m tier two capital facility deal with British Business Bank Investments (BBBIL), (the commercial arm of the British Business Bank), as it continues to expand the range of services it offers.

For more info, please go to the Insider News page: http://bit.ly/2sVa2Ja



The Queen's Speech June 21st 2017:
Here's the link to the transcript: 

(Photo © BBC)

Bank of England - Agents' Summary of Business Conditions: 2017 Q2 (June 21st)
In Brief: The moderate underlying growth in activity had continued overall; however, the annual sales growth in volume terms had continued to slow. Export volume growth had continued to increase, supported by the lower sterling exchange rate and stronger world growth.
Business investment intentions had strengthened a little further, including investment in technology and to support increased export demand. However, heightened uncertainty remained a drag on some businesses’ willingness to invest.
The direct impact of the fall in sterling on cost inflation for manufacturers’ raw materials had eased, but increased costs continue to pass through supply chains into retail prices.
For more details, (it's only 5 pages in all), including the results of the Agents' survey of labour market tightness and UK car sales developments; please follow the link:  http://bit.ly/2szAplk

FSB Calls for Government to Halt the slide in Business Confidence: (June 19th 2017)
The Federation of Small Businesses is urging the Government not to revisit shelved plans for tax increases on the self-employed as its latest Small Business Index (SBI) shows confidence dropping among members.  
The SBI is down to +15 in Q2 2017 from +20 in Q1, marking the first fall in the index since the wake of the EU referendum.
When asked about threats to expansion plans, small firms are most likely to raise the domestic economy. More than half (52%) see it is a barrier to growth. Consumer demand (30%), labour costs (24%) and the tax burden (17%) are also commonly flagged. 
Operating costs for small businesses are now at their highest in four years. A net balance of 66 per cent report increased operating costs in Q2 2017, up from 53 per cent in the same period last year. 
For the full press release please follow: http://bit.ly/2sxdCsl
Comments