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Peer2Peer Finance News | August 18, 2017

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Brexit business uncertainty

Folk2Folk unveils IFISA as it gears up new branches

July 10, 2017 |

FOLK2FOLK has unveiled its new Innovative Finance ISA, opening the tax-free wrapper to existing clients first.

The peer-to-peer business lending platform will extend the product to new clients starting from 1 August, offering annual returns of either 5.5 per cent … Read More

UK businesses more pessimistic about future amid political chaos

June 12, 2017 |

THE BRITISH business community has voiced strong dissent against growing political uncertainty and lack of reassurance over Brexit negotiations, with the director of a high-profile trade body warning of potentially “disastrous consequences” for the UK economy.

57 per cent of … Read More

£266bn of late payments hamper UK SMEs’ growth

May 8, 2017 |

LATE payments from suppliers totalling £266bn are straining UK small- and medium-sized enterprises (SMEs)’ ability to grow and create up to 3.4 million new jobs, new research suggests.

15 per cent of the SME sector’s average annual turnover is stuck in … Read More

Businesses borrow less from banks due to Brexit fears

January 26, 2017 |

HIGH STREET banks lent less to businesses in December due to decreased demand, which economists attributed to Brexit-linked uncertainty dampening firms’ investment plans.

The latest figures from the British Bankers’ Association showed that while overall borrowing rose during the … Read More