Business Finance Junction – November 2014

Business Finance Junction – October 2014

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 [...]
Business Finance Junction – November 2014

Business Finance Junction – August 2014

Difficult to think about December in August however, Saturday 6 December is Small Business Saturday, the celebration day of ‘shop local’ and use independent-owned businesses, an initiative that promotes at all levels the support of small firms and have started their 100 countdown. Santander apparently had an issue with the ‘moral problem’  of the aptly [...]
Business Finance Junction – November 2014

Business Finance Junction – July 2014

The FPC (Financial Policy Committee) has proposed new rules for mortgage lenders which caps loan-to-income ratios and includes interest rate stress tests. Lenders will not be able to have more than 15% of new mortgages at loan-to-income above 4.5 times and it applies to all Help-to-Buy loans. Coming into force 1 October, the test ruling applies [...]
Business Finance Junction – November 2014

Business Finance Junction – June 2014

Data from ONS show that illegal drugs and prostitution contribute around £10bn a year to the British economy.  For the first time statisticians are measuring the value of the drug-dealing and sex work – apparently about  "the same contribution as farming  - and only slightly less than book and newspaper publishers added together" or accommodation [...]