Small and medium-sized enterprises in Scotland missed out on lending under a recent UK government plan, according to some analysts. Recent data has also uncovered that smaller firms from Scotland received less than 5% of lending from the project started by big banks in Britain and the UK’s government. Under the project, named the Project [...]
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Tags: entrepreneur, Finance, finance secretary, lending, loans, project, royal bank of scotland, Scottish, small businesses, uk economy, uk treasury 
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A new £20bn government scheme, which has the aim of boosting bank lending to small and medium-sized enterprises (SMEs), has been launched by George Osborne, the chancellor of the UK. The National Loan Guarantee Scheme (NLGS) will allow smaller companies to have access to loans with interest rates that are 1 percentage point lower than [...]
Posted in Entrepreneur, Featured Post Tags: banking, Finance, funding, lending, loan guarantee scheme, loans, money, national loan, royal bank of scotland, Scheme, small businesses, SMEs, uk government No Comments »
Prices of oil have risen as concerns over supply overshadowed a pledge from Saudi Arabia, which came on Tuesday, that it would increase its output by a quarter if necessary. In an effort to lower worries, the Saudi Arabian oil minister, Ali al-Naimi, said on Tuesday that Saudi Arabia is “ready and willing to put [...]
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The national minimum wage in the UK is set to go up by 11p, to reach a level of £6.19 per hour, the nation’s government has announced. The rise will take effect in October of this year. This increase will see minimum wage climb by 1.8% from its current level, which is lower than the [...]
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The EU (European Union) is “on the right track” to resolve its ongoing debt crisis, according to Wolfgang Schaeuble, the German Finance Minister. His comments came following talks last week with the Prime Minister of Italy Mario Monti. Schaeuble also stated that Berlin and Rome were “working together”, while he praised the reforms introduced so [...]
Posted in Economy, Featured Post Tags: debt, Economy, EU news, eurozone, eurozone debt crisis, Finance, german finance minister, greek economy, Italian economy, leader, mario monti, mr monti No Comments »
The IMF (International Monetary Fund) has agreed to contribute 28bn euros towards the 130bn euro bailout for Greece – the second for the debt-ridden nation. The organisation’s approval is the last step in finishing the long-awaited rescue fund for Greece. The IMF has also stated that it would give 1.65bn euros, of the promised 28bn [...]
The Mexican telecoms mogul Carlos Slim has topped Forbes’ annual list of billionaires for the third year in a row. According to latest reports, his personal fortune stands at US$69 billion. Bill Gates, one of the co-founders of Microsoft (Public, NASDAQ:MSFT), is in second place with $61 billion, and investor Warren Buffett is in third [...]
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The eurozone group has backed a second Greek bailout of 130bn euros, pending contribution from the IMF (International Monetary Fund). Finance ministers from the euro bloc had met in Brussels on Monday in order to approve the new package. The meeting came after Greece swapped the majority of its privately-held bonds with new ones with [...]
Posted in Economy, Featured Post Tags: Bailout, Economy, eurozone, Finance, gdp, greece, greek economy, imf, imf international monetary fund, jean claude juncker, mr juncker No Comments »
Analysts in the US are forecasting that gas prices will surpass $4 per gallon by May this year. They also say that prices of gas are already near record highs for this time of year. In early February, the national average hit $3.48 a gallon, the highest price in history for that point in the [...]
Switzerland is moving closer towards putting higher tax rates into place for the 5,000 wealthiest foreign residents in the nation. The country has previously been well known for having low rates of tax. The upper house of Switzerland’s parliament had already approved a bill yesterday to introduce new tax measures. The suggested new law is [...]
Posted in Featured Post, Finance Tags: bill, Council, Finance, formula 1 racing, LAW, money, personal finance, rich foreigners, singer phil collins, Switzerland, tax, taxation, taxes, Wealth, wealth news No Comments »
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