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Peer2Peer Finance News | January 17, 2018

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Philip Hammond

Charles Randell named FCA chair

January 5, 2018 |

A FORMER lawyer who advised the government in the bailouts of Northern Rock, Royal Bank of Scotland and Lloyds has been appointed as the next chairman of the Financial Conduct Authority (FCA).

Charles Randell CBE (pictured) will take the role … Read More

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

Budget: Personal savings allowance ‘hampered’ IFISA take-up

November 22, 2017 |

TAKE-UP of the Innovative Finance ISA (IFISA) has been hampered by the personal savings allowance and the slow regulatory authorisation process, the Office for Budget Responsibility (OBR) claims.

The government’s independent public finances watchdog questioned why subscriptions for the tax wrapper … Read More

Budget: P2P lenders welcome £44bn housebuilding package and stamp duty cut

November 22, 2017 |

PROPERTY-FOCUSED peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers.

In Wednesday’s speech, Philip Hammond outlined “an ambitious plan to tackle the … Read More

Budget unveils £20bn action plan to support tech scale-ups

November 22, 2017 |

THE CHANCELLOR has unveiled a £20bn ‘action plan’ to help innovative firms scale up, in order to achieve the goal of helping a new tech business launch every half hour.

Philip Hammond (pictured) used Wednesday’s speech to detail new measures … Read More

Budget: P2P calls for better access to finance for SMEs and higher ISA limit

November 21, 2017 |

PEER-TO-PEER lenders have outlined some of their hopes for Wednesday’s Budget, including calls to improve small- and medium-sized enterprises’ (SME) access to finance and a larger tax-free ISA allowance.

Liam Brooke, co-founder of property platform Lendy, said the top priority … Read More

Government urged to widen access to ethical investments

November 20, 2017 |

THE GOVERNMENT is being urged to make social investment options more accessible to the public.

Social investment platform Ethex is calling for the Chancellor Philip Hammond to use this week’s Budget to make it easier for people to invest their … Read More

Chancellor to back support package for scale-ups

November 20, 2017 |

THE Chancellor is expected to give his backing this week to a series of recommendations aimed at supporting UK scale-ups, including the creation of a multi-billion pound fund.

The recommendations have been submitted to the Treasury by private sector bosses‎ … Read More

Lending Works urges chancellor to dig deeper for tech

November 17, 2017 |

THE CHANCELLOR has a chance to “dig a little deeper” to support the tech sector in his Budget next week, Lending Works has said.

The peer-to-peer platform has given its backing to the government’s financial support for the tech sector … Read More

P2P sector urges chancellor to set bold housing agenda in Autumn Budget

November 13, 2017 |

THE PEER-TO-PEER lending sector has called on the chancellor to introduce a more ambitious housing programme in this month’s Budget.

There have been several rumours about the content of Philip Hammond’s first Autumn Budget, set for 22 November 2017, including … Read More