Finance

This section contains news, information, and practical advice for businesses about raising finance, managing finance, and other financial matters.

If you have any news concerning finance for businesses that may be of interest to readers of Island Business Online please send it to ib@theknowledgezone.net.

Latest Finance News

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Thu 09 Sep 2010 at 1639 BST

Interest rates unchanged

Interest rates must stay low until growth is more secure, writes the British Chambers of Commerce (BCC).

Tue 07 Sep 2010 at 1107 BST

Free innovation vouchers for businesses!

Small and medium-sized businesses (SMEs) in the south can apply for Innovation Vouchers worth up to four thousand pounds which will effectively 'buy' in university support in the form of innovation and research capabilities.

Thu 02 Sep 2010 at 0900 BST

Using factoring to improve cash flow

Cash flow is one of the most important aspects of running any business, and there are a variety of ways to boost the cash flow of your company.

Tue 31 Aug 2010 at 0855 BST

Lord Jones at the Minster

The Friends of Newport Minster and the Isle of Wight Chamber of Commerce are offering a rare opportunity to spend 'An Evening with Lord Digby Jones'.

Fri 27 Aug 2010 at 1232 BST

ITV's Tonight programme needs you

On 20 October the Chancellor will unveil the results of his spending review.

Thu 19 Aug 2010 at 1349 BST

July figures out for borrowing and retail sales

The latest borrowing figures highlight the major challenge that lies ahead for the UK, while positive retail sales hint at a continued recovery, according to the British Chambers of Commerce (BCC).

Wed 18 Aug 2010 at 1703 BST

Public invited to vote on ideas to make savings

The public is being asked to vote to find the best ideas from over 44,000 submitted to the Treasury as part of the public engagement through the Spending Challenge website.

Tue 17 Aug 2010 at 1435 BST

Claim your forgotten cash

Will you be affected when the Government takes funds from dormant bank accounts to fund charities and voluntary groups?

Tue 17 Aug 2010 at 1408 BST

Inflation drops - but not enough

The British Chambers of Commerce (BCC) has said that interest rates must stay low despite stubborn inflation figures.

Mon 16 Aug 2010 at 1159 BST

Future of banking lecture

The editor of The Banker magazine has put together a lecture on 'The Future of Banking', looking at why banks get into trouble, the causes of the economic crisis and new regulations, in order to simplify the banking crisis and provoke a discussion about how to prevent another one.

Thu 12 Aug 2010 at 0900 BST

HMRC issue phone call scam warning

HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman.

Wed 11 Aug 2010 at 1249 BST

UK economy faces difficult times ahead

The latest Bank of England Inflation Report emphasises the need for low interest rates, according to the British Chambers of Commerce (BCC).

Tue 10 Aug 2010 at 1515 BST

Eight ways to raise finance for your business

Since the credit crunch, small businesses have reduced their borrowing from banks with figures* showing only 18 per cent of small firms have approached the banks for new credit in 2010, writes Business Link South East.

Mon 09 Aug 2010 at 1101 BST

Case study for BBC's Panorama

Nine Lives Media has been commissioned by BBC Panorama to make a programme: 'Are you Paying the Right Tax?' following a report by the National Audit Office which found that many people aren't.

Mon 09 Aug 2010 at 1048 BST

Introducing the Ombudsman - information for small businesses

The Financial Ombudsman Service (FOS) is running a series of seminars especially for smaller businesses covered by the service.

Wed 04 Aug 2010 at 1319 BST

The question of interest rates

Raising interest rates should be off the table until 2011, according to the British Chambers of Commerce (BCC).

Tue 03 Aug 2010 at 1220 BST

JMP Partnership recoveries

JMP Partnership, a family business based on the Isle of Wight, specialise in the recovery of penalty charges from financial institutions, writes Jon Platt.

Mon 02 Aug 2010 at 1424 BST

BCC: Bank lending to business is complicated

Commenting on the current situation surrounding bank lending to business, Steve Hughes, UK economist at the British Chambers of Commerce (BCC), said: "Bank lending is a crucial issue for Britain's small and medium-sized businesses, and getting the existing concerns resolved quickly is essential if we are going to see a lasting private sector-led recovery.

Mon 02 Aug 2010 at 1308 BST

UK worth £6.7 trillion

The total net worth of the United Kingdom at the end of 2009 was £6,669 billion in current prices, according to figures published on 2 August by the Office for National Statistics.

Sun 01 Aug 2010 at 0001 BST

MPC must keep interest rates low

The British Chambers of Commerce (BCC) has said that the UK must keep interest rates low to counter threats to recovery.

Tue 27 Jul 2010 at 1343 BST

Have your say on improving PAYE

HM Revenue & Customs (HMRC) want to hear your views of how the Pay As You Earn (PAYE) system can be improved to make it more efficient for millions of taxpayers.

Tue 20 Jul 2010 at 1156 BST

Office for Tax Simplification welcomed by business

On Tuesday, 20 July, the Chancellor George Osborne and Exchequer Secretary David Gauke established the Office of Tax Simplification (OTS).

Thu 15 Jul 2010 at 1540 BST

Fiscal policy - the fork in the road

Following the June Budget, the Institute of Directors (IoD) has prepared an analysis of the challenges that face the new Government and policy recommendations.

Wed 14 Jul 2010 at 1522 BST

Free funding advice

The Solent Innovation and Growth Team is partnering with Finance South East and the South East Capital Alliances (SECA) regional business angel network, to run an event which will provide free funding advice for businesses.

Wed 14 Jul 2010 at 1409 BST

Access to finance for businesses remains difficult

New data released on 9 July by the Institute of Directors (IoD) reveals that businesses are still having difficulty accessing finance from their banks despite a fall in decline rates.

Wed 14 Jul 2010 at 1248 BST

Credit reports now available online

You can now access your statutory credit report online for a fee of just £2 from all three major UK credit reference agencies, Experian, Equifax, and Callcredit.

Wed 14 Jul 2010 at 0958 BST

Government announces partnership with Facebook

The Government has announced a partnership with Facebook as it seeks to get more for less and tackle the UK's deficit.

Fri 09 Jul 2010 at 1142 BST

How can we re-think government to deliver more for less?

The Chancellor George Osborne has called on the public to send him their very best ideas on how to get more for less from our public services.

Thu 08 Jul 2010 at 1247 BST

Bank Rate maintained at 0.5% and QE at £200bn

The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%; the Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

Wed 07 Jul 2010 at 1712 BST

New EU pensions rules could cost Britain £500bn

The CBI (Confederation of British Industry) has commented on the European Commission's Green Paper on pensions.

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