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 [...]
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Tags: banking, Finance, funding, lending, loan guarantee scheme, loans, money, national loan, royal bank of scotland, Scheme, small businesses, SMEs, uk government 
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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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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 [...]
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The average price of unleaded petrol in the UK recently hit a record high of 137.44p per litre, industry analysts Experian Catalist have said. The new record level, which came towards last month’s end, is just above the average of 137.43p which was reached last spring. Petrol prices have been pushed upwards by prices of [...]
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Rangers Football Club, one of the most successful British football teams in history, has entered administration. The news means that the club will be docked 10 points from its current points total in the SPL (Scottish Premier League). The points deduction all but ends Rangers hopes of winning this season’s SPL title. London firm Duff [...]
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According to latest figures from the British Bankers’ Association, the five main banks in the UK have missed their Project Merlin target for lending cash to smaller businesses, despite exceeding overall lending targets. The five banks have stated that they hit their overall lending commitments last year, agreed with the government, with gross new loans [...]
A young couple from Nottinghamshire in the UK has recently won a jackpot of £45m playing EuroMillions – a Europe-based lottery. Cassey Carrington and Matt Topham, both 22-years-old, played the lottery on the Internet and won £45,160,170.50 in a rollover draw on Tuesday this week. Reports from the BBC state that Miss Carrington, who had [...]
Philipp Hildebrand, the chairman of the Swiss National Bank (SNB), has resigned from his position with immediate effect. The move comes after it was revealed that his wife purchased $504,000 during August 2011, only three weeks before the Swiss central bank intervened to try and weaken the strong Swiss franc. Mr Hildebrand said at a [...]
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People who regularly travel on trains in the UK are set to face fare increases right at the beginning of 2012 of up to 11%, according to British consumer watchdog Passenger Focus. The price climbs are set to further squeeze the finances of members of the British public. The annual increase will result in the [...]
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According to some analysts, 2012 could be the year in which savers who stray away from computers when it comes to managing their finances, finally begin to use technology for personal banking. This is due to the fact that a new range of applications for personal finance management are set to establish themselves this year. [...]
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