Inflation is a key economic indicator affecting consumers' purchasing power and overall cost of living. As we analyse the recent news of inflation falling to 7.9%, a question arises: Does a decrease in inflation necessarily translate to a reduction in mortgage payments? In this blog, we will delve into the relationship between inflation and mortgage rates, understanding how changes in inflation can influence mortgage payments.
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In the dynamic world of small and medium-sized enterprises (SMEs), cash flow is the lifeblood that keeps businesses afloat. However, recent trends indicate a concerning rise in late payments, causing substantial financial strain on SMEs. According to the latest SME Insights Report for 2023 from Simply Business, late payments have surged from £27 billion to a staggering £32 billion. This blog delves into the reasons behind this alarming increase and its potential implications for the SME landscape.
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The UK government's Director Information Hub is a valuable resource for company directors. It simplifies the management of directorial obligations, providing a centralised platform for information and tools.
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The Buy Now, Pay Later (BNPL) sector has experienced rapid growth and popularity, revolutionising how consumers purchase. However, recent news from Sky News suggests that the UK Treasury might shelve plans for regulatory measures on the BNPL market. This decision has ignited discussions on the potential impact of regulation and its significance for the future of the BNPL sector in the UK.
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Late payments have long been a persistent issue that plagues small businesses worldwide. In a recent article titled "Late Payment: A Guide for UK Businesses" by NerdWallet, the author sheds light on the detrimental effects of late payments and provides valuable insights into how small businesses can tackle this problem. This opinion piece discusses the significance of addressing late payments and highlights the author's key points.
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In the digital age, where online transactions and interactions have become the norm, businesses and individuals must establish clear guidelines and boundaries. Terms and conditions (T&C) serve as the contractual agreement between service providers and users, outlining both parties' rights, responsibilities, and expectations. While often overlooked or hastily accepted, watertight terms and conditions can bring significant advantages for businesses and users. In this blog post, we will explore the benefits of having comprehensive and well-defined T&C agreements.
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In times of economic uncertainty, small businesses often bear the brunt of the challenges. When faced with an energy crisis, these businesses are particularly vulnerable due to their limited resources and ability to adapt. However, winding up petitions against struggling small businesses in such circumstances can be counterproductive and ineffective. This blog explores why winding up petitions are not an appropriate solution in the context of an energy crisis.
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There are prevailing economic trends affecting people's lives. Today, several interconnected issues are causing concern in our society: the surge in mortgage rates, the rising cost of living, the challenges faced by individuals struggling to meet their payments, the growing wealth disparity, and the alarming lack of affordable housing options for social tenants. Furthermore, these concerns are heightened by the looming possibility of an impending recession. Let's explore these topics and their implications for individuals and communities.
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