Losses on corporate loans will hit their highest level since the 1990s recession this year, fuelled by a weak consumer sector and further crippling lending according to a leading group of economists.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
British jobs will disappear unless red tape is slashed, ministers warn
British jobs will disappear overseas unless taxes are lower and more health and safety laws are swept away, Chris Grayling will say today.
Employers urged to build resilient workforces
Employers are urged to build resilient organisations after a recent Clinical Director report revealed a larger percentage of the workforce accessing Employee Assistance Programmes
Can we change the way we shop forever?
It’s a big idea, but can it really be done? M&S seem to think so
High unemployment to do ‘permanent damage’ to UK
The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing “permanent damage to the UK’s productive capacity”, a think tank has said.
Sir Mervyn King’s ‘revisionist’ view of BoE role in financial crisis creates pressure for offical review
Sir Mervyn King has come under increasing pressure to launch an official review of the Bank of England’s handling of the financial crisis amid accusations that he has “rewritten history” to suit the institution.
RBS swings to profit and plans to pay back loans
RBS pledged to pay back billions in loans to British and American taxpayers
City of London Corporation boosts Tech City as entrepreneurs fight for up to £500K of Angel investment
As a small technology entrepreneur in London, how do you stand out from the competition and secure between £100k and £500k investment from Business Angels?
Missing from work – only reported a week later!
Why was the MI6 employee, Gareth Williams’ non-attendance at work only reported a week later? What processes are in place in MI6 to monitor absence? How SMEs can manage absence from work.
Mentors Help New Business Start-Ups with The Mentor Hive Website
New website from Essex based Ixion offers a new way for businesses and individuals to help people who are unemployed across London, Essex, East Anglia and Cambridgeshire.
Sir Mervyn King admits BoE failed over financial crisis
Sir Mervyn King has said – in a rare admission – that the Bank of England failed to do enough to warn about the risks building up in the banking sector ahead of the financial crisis.
Brussels to relax fiscal targets as revolt spreads
The European Commission is preparing a major shift in economic strategy, fearing that excessive fiscal tightening will inflict unnecessary damage on a string of eurozone countries.
Europe pressed for action to end debt crisis
Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.
Barclays hopes £2bn profit will quell Diamond pay row
Barclays is set to announce profits for the first three months of the year of £2bn this week as it attempts to convince investors its financial performance merits the £17.7m compensation package it has controversially awarded chief executive, Bob Diamond.
Barclays pay row lifts the lid on bank’s closed culture
Bob Diamond’s tax bill is just the tip of the iceberg.