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Peer2Peer Finance News | February 20, 2018

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Spending slowdown indicates pre-Brexit caution

February 12, 2018 |

HOUSEHOLD spending fell by 1.2 per cent in January, while spending in shops was down by four per cent year on year, new figures have revealed.

This marks the first time that consumer spending has fallen since 2013.

According to … Read More

SME lending growth hits two-year low while consumer borrowing rebounds

January 30, 2018 |

LENDING to small-and-medium-sized enterprises (SMEs) declined in December at the steepest rate for three years while consumer borrowing ticked back up, Bank of England data shows.

The latest money and credit release from the Bank revealed SME lending declined by … Read More

Attracting talent crucial to UK remaining fintech centre

January 29, 2018 |

THE FINANCIAL services sector needs to attract and retain entrepreneurial talent to ensure the UK remains a vibrant fintech centre after Brexit, research suggests.

The latest CBI/PwC Financial Services Survey, released on Monday, found 54 per cent of firms want … Read More

Brexit ‘will hit innovative SMEs the hardest’

January 22, 2018 |

INNOVATIVE small- and medium-sized enterprises (SMEs) that are the high-growth “superstars” of tomorrow could be the most negatively affected by Brexit, a study has warned.

The research from the University of St Andrews, released on Monday, found Brexit is likely … Read More

UK economic confidence hits new low despite prospect of Brexit deal

January 18, 2018 |

UK ECONOMIC confidence fell to one of its lowest levels of the decade in the last quarter of 2017, despite raised hopes of a Brexit transition deal.

The Global Economic Conditions Survey, produced by the Association of Chartered Certified Accountants … Read More

SMEs optimistic despite Brexit and late payments

January 17, 2018 |

ALMOST three quarters (72 per cent) of small- and medium-sized enterprises (SMEs) think the UK is a great place to start a business, research suggests.

This is despite the fact that many see late payments, uncertainty around Brexit and a … Read More

See EU later

December 5, 2017 |

The UK’s decision to split from the rest of the bloc sent shockwaves around the world, but what does it mean for peer-to-peer lending?

THERE is a blight on the land, and its name is Brexit. As we progress towards … Read More

Uncharted waters

December 1, 2017 |

Keith Maner, compliance and technical manager at compliance specialists Thistle Initiatives, explains how the UK regulators are approaching Brexit and how fintech firms in particular are reacting to the issue

In April 2017, the Prudential Regulation Authority (PRA) issued a … Read More

Property developer turns to P2P after bank withdraws funding due to Brexit

November 30, 2017 |

A PROPERTY developer based in Northern Ireland turned to peer-to-peer funding to complete a project after its bank withdrew financing in the wake of the Brexit vote.

Maillot Jaune had originally sought funding to build 11 flats on a seaside, … Read More

Accountants call for more Brexit certainty as confidence slides

November 29, 2017 |

UNCERTAINTY over the outcome of Brexit negotiations has prompted a fall in business confidence among accountants, a survey claims.

A member poll by the Association of Chartered Certified Accountants, released on Wednesday, found 49 per cent are feeling less confident … Read More