Tagged: philip hammond

March 12, 2017 @ 9:00 pm By JD Alois  |  

Innovate Finance, the group that champion’s Fintech innovation in the UK and around the world, has shared the opinion of their Policy and Research Team on the Chancellor of the Exchequer, Phillip Hammond’s Spring Budget. Innovate Finance said they were pleased with the announcement that technical… Read More

March 8, 2017 @ 1:25 pm By JD Alois  |  

Chancellor of the Exchequer Philip Hammond delivered the final Spring budget today. Many policy questions persist as the UK separates itself from the European Union: Will the UK be able to maintain its leading economic status in Europe? Will the UK hold onto its dominance… Read More

March 6, 2017 @ 7:14 am By JD Alois  |  

Stuart Law, CEO and co-founder of P2P lender Assetz Capital, expects a boost for the peer to peer lending sector in the upcoming budget. Specifically, Law believes a small business tax rise and IFISA rule change could boost the online lending sector. “In just a few… Read More

December 2, 2016 @ 7:56 am By Jessica Pham  |  

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

November 25, 2016 @ 10:25 am By JD Alois  |  

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

November 23, 2016 @ 11:00 am By JD Alois  |  

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

November 1, 2016 @ 9:13 am By JD Alois  |  

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

September 1, 2016 @ 8:26 am By JD Alois  |  

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