Oct 20, 2020: Experts from global consultancy EY will reveal at an exclusive online seminar this week how the finance industry must adapt in response to changing customer behaviour caused by the pandemic. The event, called Next is Now, will detail why financial...

 

Oct 05, 2020: The impact of COVID-19 has put businesses under the greatest financial pressure in living memory with most UK companies affected, while millions of consumers have sought forbearance. The auto and equipment finance industry continues to battle to m...

 

Sep 23, 2020: The government needs to learn from existing support schemes, adapt them and re-launch the Enterprise Finance Guarantee Scheme to build on CBILS, warned the FLA at a panel discussion with small business minister, Paul Scully. Stephen Haddrill (pict...

 

Sep 16, 2020: At the end of March 2020, the British Business Bank (BBB) revealed that it had provided £8 billion of financial support through its various programmes, an increase of 21% from £6.6 billion in March 2019. The UK’s national economic development bank...

 

Sep 09, 2020: New asset finance business in the UK fell by 22% in July according to the Finance and Leasing Association (FLA). Though it remained down year-on-year, July represented an improvement compared to the preceding seven months, during which new busines...

 

Sep 09, 2020: As many leasing businesses start to approach their September or December year-ends, finance directors, boards and external auditors will be having to make difficult judgements about accounting impairments. Although this year will bring unique chal...

 

Aug 27, 2020: The UKs British Business Bank has confirmed that applications for the Coronavirus Business Interruption Loan Scheme (CBILS) will close on 30 September 2020, with a cut off completion date of 20 October. Furthermore, the Government is set to make a...

 

Aug 26, 2020: Despite having already reported an average loss of £251,471, SME business owners are now forced to spend £21,830 on average to fully reopen following the lockdown, with 21% planning to use their personal savings to cover the costs, according to res...

 

Aug 24, 2020: A number of finance providers are declining new applications due to the customer having accepted a payment holiday despite the fact that payment breaks were widely offered in the industry, said Dawsongroup Finance. According to the asset finance c...

 

Aug 10, 2020: Individuals chance of being approved for a loan is now 60% higher than at the start of lockdown in the UK due to a rise in consumer eligibility, according to Experian’s latest Credit Barometer. According to the company’s earlier market data from 2...