High street banking challenger Metro Bank has announced a new “walk out trading” service that will allow business owners to accept payments as soon as an account is opened. more»
Small business owners are more likely to use their own cash than take out bank loans to drive growth, despite most applications for extra funds or overdrafts being given the green light. more»
New research has found that a 0.25 per cent hike in interest rates to 0.75 per cent would cost small UK business owners another £355m in interest payments in the first year alone. more»
Despite adoption of alternative finance methods, funding remains a barrier to businesses, and a majority would rather put off growth than borrow money. more»
The British Business Bank (BBB) will provide a further £100m support package for small businesses and workers affected by the collapse of Carillion. more»
The changes, part of the open banking package of reforms led by the Competition and Markets Authority, have been designed to make banking more competitive and create better access to finance for small business owners. more»
NatWest Receipts will allow the bank’s small business customers to track spending, categorise expenses for HMRC and export receipts for accounting or invoicing. more»
As the Royal Bank of Scotland admits its turnaround division failed small business customers, the Federation of Small Businesses has called for full publication of the investigation. more»
The lender has launched an instant access savings account for small businesses, offering a competitive interest rate of 0.6 per cent. more»
Britain's banking sector has laid out emergency support measures for Carillion sub-contractors in the wake of the construction giant's insolvency. more»
