It’s anticipated that sometime during October the Government-run British Business Bank will unveil its first deal with a lender. The scheme offers to share the risk of certain losses on a portfolio of new loans made to small and medium-size businesses. In effect the smaller banks (i.e. challenger banks) could be enabled to lend more ‘easily’. Over to you, lenders.
If you’ve seen anyone hawking tax disc holders cheaply it’s because the paper tax disc is no more. As from October 1 cameras will be relied upon to detect number plates and DVLA will rely on digital records. Unless people turn to displaying their nearest and dearest on their windscreens, the space can be officially cleared as part of the DVLA’s promise to be more efficient for the motor trade and ‘a better digital platform enabling more self-service’. Over to you Motor Traders.
The Financial Policy Committee will be publishing it’s response to the Chancellor’s request of advice, on any new Direction powers to guard against risk in the housing market, and it’s annual review of the Help to Buy Mortgage Scheme. Over to you BoE.
New rules for Lettings Agents, who from this month, must be a member of one of three government approved re-dress schemes, similar to the Ombudsman. Members can be expelled for misconduct and compensation awards made to victims as part of the consumer protection measures. Over to you Landlords.
Changes to stamp duty and land tax relating to valid Local Authority codes mean that paper returns with a non-valid code will be rejected. Over to you Solicitors.
Sobriety is being encouraged with a sobering October of no hangovers. Go Sober for October the charity initiative given to this month, along with Stoptober (no smoking). Over to you willpower.
Image and Article credit: Copyright SUF © 2014