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BUGDET COMMENT: Growth forecast predictions
Thursday, 09 March 2017
Chris Manson, CEO of Newable, comments on Philip Hammond’s Spring Budget announcement:   “Philip Hammond’s endorsement of the OBR’s growth forecast of 2.0% in today’s Budget is positive news that puts the UK amongst the strongest economies in the G7. However, the fact that Mr. Hammond went on to downgrade growth forecasts in the coming years suggests that confidence is still fragile. Newable’s Gross Domestic Confidence research proves that business confidence is an essential component to growth and that it directly impacts the future of our economy. The research, conducted in partnership CEBR, reveals that business confidence remains significantly below historic norms. In this context, businesses are less likely to create new jobs and make new investments in their business. The result is that GDP could undershoot the Mr Hammond’s forecast by an estimated 0.5%. It is crucial that we continue to inspire confidence, so that businesspeople are willing to make bold decisions that will have a positive impact on the economy. To achieve this goal, it will be vital to make business finance fair and accessible, to help businesses commercialise their innovation and to provide practical assistance with exporting.”
 
Budget reaction from Jonathan Sealey, Hope Capital CEO
Thursday, 09 March 2017
Jonathan Sealey, Hope Capital CEO, says “Today’s budget sees a real hit for small businesses and the self-employed. The cut in dividends and the rise in National Insurance payments equates to a tax hike, estimated by the BBC as being up to £2billion.  This could well hit both brokers and developers, many of whom are small businesses. The risk, where developers are concerned, is that where many invest their own money, they will now potentially have less money to put into new projects which will affect the amount they can borrow.  
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Comments from Dun & Bradstreet on the 2017 Spring Budget
Thursday, 09 March 2017
Markus Kuger, Senior Economist at Dun & Bradstreet:   “In the latest spring budget, Chancellor of the Exchequer Phillip Hammond has announced his vision to make the UK best country in the world to start a business. Hammond has announced a number of measures to alleviate the economic pressures facing businesses in the UK and implement business rates relief. Although the Chancellor has announced that the Office for Budget Responsibility (OBR) has lowered its borrowing predictions, businesses must not get complacent. They need to  prepare for the long-term challenges that the UK is still to face, such as the impact of Brexit, with Article 50 likely to be invoked later this month. With levels of uncertainty remaining very high, we at Dun & Bradstreet maintain the UK’s deteriorating outlook for its country risk rating. Companies need to remember that it’s crucial to carefully assess growth opportunities, while preparing for the far-reaching negative implications of Brexit.
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FSB in Scotland: Squeezing go-getters wrong move
Thursday, 09 March 2017
Today Chancellor Philip Hammond has delivered his first Budget. 
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“Squeezing the smaller employers and self-employed is not clever"
Thursday, 09 March 2017
The Forum of Private Business has given the Chancellor 4 out of 10 for his Budget announcements, with a warning that continued pressure on small businesses and the self-employed is short sighted as we look to get Britain trading again. 
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Zanzan Eyewear partners with Funding Invoice to fuel growth
Thursday, 09 March 2017
Independent sunglasses brand Zanzan Eyewear has chosen invoice trading firm Funding Invoice as its finance partner to maintain a positive cashflow in the business year-round and continue its current growth phase.
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Aldermore boosts asset finance leadership team
Thursday, 09 March 2017
Aldermore, the specialist bank, has announced the appointment of Rachel Lintott as Head of Internal Sales and Support for Asset Finance. 
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The Case for Corporation Tax Cuts
Wednesday, 08 March 2017
Despite the government’s cut in the corporation tax rate from 28% to 20%, corporation tax receipts have seen an increase of 28% since 2011-12. The decision to cut the headline rate to 20% as part of a raft of measures to increase competitiveness has led to stronger economic growth and higher profitability for companies across the UK, which in turn led to the increased receipts. The UK is now the 7th most competitive economy in the world, up from 11th in 2010. 
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Close Brothers Motor Finance celebrates 25 years in Sheffield
Wednesday, 08 March 2017
Close Brothers Motor Finance is today celebrating the 25th anniversary of its Sheffield branch.
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UK Jobs boost from SME sector ahead of Budget
Tuesday, 07 March 2017
One in six small businesses (17%) is planning to employ new staff by the end of April 2017 – with the IT & Telecoms sector leading the employment charge (27%) -– according to the new research from Hitachi Capital’s quarterly British Business Barometer.   
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Lloyds Bank's new team head aims to help South East firms improve their cashflow
Tuesday, 07 March 2017
Lloyds Banking Group has strengthened its offering for mid-market businesses in the south east by appointing a new regional head of Global Transaction Banking. 
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