Banks

Small firms want the Budget to tackle the deficit

Two new surveys have revealed that large numbers of smaller businesses regard the reduction of the national debt as a priority for the emergency Budget.

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Overdraft rates on the rise

Interest rates on agreed bank overdrafts are at their highest for ten years.

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Savers under the cosh

A combination of low interest rates and rising inflation has made it exceptionally tough for the UK’s savers.

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Credit still proving elusive for smaller businesses

Figures released by the Bank of England have suggested that small firms are continuing to experience some difficulties in securing loans from the banks.

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Budget 2010: an overview

“This will be a Budget to secure the recovery, tackle borrowing and invest in our industrial future” was how the Chancellor, Alistair Darling summed up the last Budget before the next general election.

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Budget 2010: business support

It was always likely that the Chancellor would devote a proportion of the Budget to outlining government plans for stimulating business growth and development as the economic recovery begins.

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Outlook for savers worsens as inflation rises again

Savers are likely to see a further drop in the value of their money following January’s sharp rise in the rate of inflation.

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Small firms need alternative sources of finance

Sources of funding, other than those provided by the banks, may be the solution to the squeeze on credit affecting many small firms, a leading business group has argued.

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Banks still reluctant to lend

Banks that have received bail-out support from the government are still unwilling to lend money to businesses, a House of Commons committee has claimed.

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