The Confederation of British Industry (CBI) has called upon Chancellor George Osborne to support medium-sized businesses in the coming Budget. Access to finance and competitive banking are the key to improving growth for small and medium business, said the CBI, along with help for meeting high energy costs. In previous months, research by the business
A Bank of England policy maker has announced that interest rates are expected to rise for the first time since the economic crisis. Martin Weale, a policy maker in the Monetary Policy Committee commented in a Sky News interview that ‘the most likely path’ would be an interest rate rise in the spring of 2015.
Following recent surveys that indicate business confidence is at a high in 2014, Lloyds Bank has released a report showing that consumer confidence has also improved. The Spending Power report shows that 57% of those interviewed believe their financial situation is ‘excellent’ or ‘good’, and that they will be better off in six months’ time.
Business leaders urged to ‘do more’ to help prevent cyber-attacks Following the publication of the government’s 2019 Cyber Security Breaches Survey, business leaders are being urged to ‘do more’ to protect their firms from cyber-attacks and cybercrime. The survey showed that 32% of businesses reported experiencing a cyber security breach or attack in the last
Deputy Governor of the Bank of England (BoE), Sir Jon Cunliffe, has warned that the housing market poses the ëbiggest riskí to the economy. Sir John said a major threat was ëprices rising faster than peopleís incomesí, which could lead to ëa big increase in the amount of debt in the economyí. Recent figures released