New research reveals that 73 per cent of consumers avoid services that tie them into long contracts.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Administrators on standby to put Scotlands oldest retailer Jenners into administration
The future of one of Scotlands oldest retails Jenners hangs in the balance as administrators have been primed to plunge House of Fraser, including the Edinburgh flagship, into administration as early as Monday after the ailing retailer hit further crisis.
Wonga investors provide £10m cash injection to save payday lender from going bust
Britain’s biggest payday lender, Wonga, has received a £10m emergency cash injection from shareholders to save the company from going bust.
Petrol & diesel costs shot up in July as volatile price of oil takes its toll
The price of petrol and diesel rose in July as both crept up around 1p per litre, with this latest price hike meaning motorists are spending £70.84 to fill up a 55-litre petrol car, up 59p from June, while a diesel model will cost £72.52 to top up, a 57p rise.
Bank of England governor: No-deal Brexit risk ‘uncomfortably high’ but banks are prepared
The possibility of a no-deal Brexit is “uncomfortably high” and “highly undesirable”, Bank of England governor Mark Carney has said.
NatWest in new technology glitch as holiday makers debit cards declined
Some customers of NatWest have reported debit cards being declined when making payments – with some holidaymakers suffering embarrassment.
RBS recovery nears as bank set to pay first dividend in 10 years
Royal Bank of Scotland has seen first-half profits fall, but is on course to pay its first dividend in 10 years.
Amazon UK corporation tax bill falls to £4.6m
Amazon had a £4.6m corporation tax bill in the UK last year, down from £7.4m in 2016, its accounts reveal paying just £1.7m in tax, after deferring £2.9m.
Bank of England expected to increase Interest rates today
The Bank of England is expected to raise interest rates for only the second time in a decade later on Thursday.
House of Fraser rescue deal collapses as Hamley’s owners walk away
The future of House of Fraser has been thrown into doubt after its potential new owner walked away from a rescue.
Jaguar Land Rover hit by trade war as China sales slow
Jaguar Land Rover (JLR) has reported a loss for the first time in three years after sales slowed in China.
Dixons Carphone says data breach affected 10 million customers
Dixons Carphone has said a huge data breach that took place last year involved 10 million customers, up from its original estimate of 1.2 million.
Search is on for UKs female entrepreneurs leading innovation
The search is on to find the inspirational business women who will take one of eight coveted places in the Innovate UK Women in Innovation Awards 2018, alongside a £50,000 grant and support package to help them reach their full potential as a female entrepreneur.
UK overtakes US on Fintech investment for first half of 2018
The UK has overtaken the US in terms of fintech investment for the first half of the year, and taken the top spot in Europe to attract $16.1bn (£12.3bn) out of the continent’s $26bn total.
MPs accuse Lloyds of ‘arrogance’ over HBOS Reading fraud
A group of MPs has written to Lloyds Banking Group accusing it of treating victims of a fraud carried out by members of its Reading branch “with contempt”.