Tagged: philip hammond

Property Partner: Investments in Infrastructure & Technology Inject New Confidence in British Economy

British Chancellor of the Exchequer Philip Hammond delivered the annual autumn statement late last month and underlined the UK’s numerous economic weaknesses that the Brexit vote only enunciated.  As Brexit negotiations continue between now and 2019, Britain will have to tackle its poor productivity record, particularly… Read More

Luke Lang of Crowdcube is Pleased with Autumn Statement, but Wants to See More for Crowdfunding

The Chancellor of the Exchequer’s Autumn Statement contained various boosts to business including acknowledgment of the importance of early stage companies for the UK economy. Chancellor Philip Hammond stated; “By injecting an additional £400m into venture capital funds through the British Business Bank, unlocking £1… Read More

Innovate Finance Responds to Chancellor of the Exchequer’s Autumn Statement

Lawrence Wintermeyer, CEO of Innovate Finance, welcomed Chancellor of the Exchequer,  Philip Hammond’s Autumn Statement delivered to Parliament today. Wintermeyer said he was “pleased to see a focus on investment, productivity, and digital innovation”. Innovate Finance had called for the UK government to advance on… Read More

UK Banks Must Now Share Details on Rejected SME Loans with Alternative Finance Providers

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More

ThinCats Founder Caley Calls on Hammond to Do More for Savers

Last month, the Bank of England reduced the Bank Rate from 0.5% to 0.25% as part of a broader stimulus package to buttress the UK economy following Brexit aftershocks. These interest rate cuts make money cheaper to borrow but this means savers are earning less. Moneyfacts… Read More