B A N K O F E N G L A N D Trends in Lending October 2014 This quarterly publication presents the Bank of England’s assessment of the latest trends in lending to the UK economy. It draws mainly on long-established official data sources, such as the existing monetary
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An increasing number of businesses may try to access trade finance in the near future, as official figures have revealed that economic growth in the UK steadied in the three months leading up to December. According to the Confederation of British Industry (CBI), the pace of this growth overall remained above average and experts are
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Christmas 2014: Christmas Shopping Consumer Spending, Recovering offline and online sales, purchases per household and sales per person on gifts. We expect Christmas 2014 in the UK to be better than last year with sales growth of 2.1% compared to last year’s eventual outturn of 0.9%. The improvements in the UK economy and an increase
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Trade Finance Trade Finance (Import & Export Finance) In its simplest form it can fund a business’s supply chain when a traditional bank cannot. We take true risk through purchasing goods on the back of a purchase order without using the client’s balance sheet as security, unlike banks. It is often used for bringing finished goods
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Trade finance services have received a significant boost from crowd funding in recent years. Crowd funding traditionally involves members of the public, as well as traditional investors, backing projects by buying shares for as little as a couple of pounds. The past year saw increasing awareness of this financing option among entrepreneurs and investors. Here
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Property finance appears to be on everyone’s minds at the moment, with new figures revealing that 29,900 loans for first-time buyers were granted in October 2014, a 12 per cent hike on September and up by 14 per cent compared with the same month last year. Council of Mortgage Lenders data indicates that while remortgage
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The UK government has announced its intention to raise awareness of alternative sources of funding like asset finance and leasing for medium-sized enterprises, with MP Matthew Hancock observing that access to finance is not just a policy issue for companies – it’s about growth. Speaking at the Medium-Sized Business Conference in London, Mr Hancock –
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The UK Black Friday shopping 2014 Scrums Are So Shaming Who’d have thought that we’d see a time when shopping would destroy a sense of patriotism? I’m talking about Black Friday a retailers heaven and a consumer’s hell if they do not get the bargain they are looking for. The retail discount extravaganza, imported from America,
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Alternative sources of finance appear to be of increasing interest to businesses in the UK and beyond that are keen to look beyond the traditional high street lenders in order to expand and further their endeavours. If you’re keen to explore these avenues, it may be that equity crowd funding is the right course of
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Bridging Loans Buoyant consumer confidence pushes up demand for credit at fastest rate in eight years in October, though UK mortgage approvals continue to fall. Cheap borrowing costs for products like bridging loans and fierce competition on the high street fuelled a consumer credit boom in October, as buoyant demand pushed lending up at its
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