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Qualco UK raises over £1,400 for local charities
Wednesday, 22 November 2017
For the second year running Qualco UK raised more than £1,400 for local charities at its annual golf tournament, which took place at St. George’s Hill Golf Club in Surrey. The money raised was split between Princess Alice Hospice and CALM (Campaign Against Living Miserably).
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Stamp duty scrapped: Reaction from Richard Donnell, Insight Director at Hometrack
Wednesday, 22 November 2017
Richard Donnell, Insight Director at Hometrack, comments: “The Government is right to focus its long term solution on increasing supply. The decision to abolish stamp duty for first-time buyers will provide some comfort to young people wanting to join the property ladder, but it fails to address the biggest barrier for first time buyers which is the level of income required to pass lender affordability tests. Saving a thousand pounds or more on stamp duty doesn’t address affordability for first time buyers in south eastern England, but for those that can get a mortgage it will be a welcome bonus. 
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Airline insolvency review risks duplication of effort (Budget 2017) – R3
Wednesday, 22 November 2017
Commenting on the Chancellor’s Budget plan to review airline insolvency arrangements (Budget document, page 50, para 4.38), Adrian Hyde, president of insolvency and restructuring trade body R3, says: “The Chancellor must tie his new airline insolvency review into the Government’s existing corporate insolvency reform efforts. Having announced welcome reforms in May 2016, the Government has made almost no progress since. We don’t want to see an unnecessary duplication of effort.
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Missed opportunities blight a prudent Budget, says CPS
Wednesday, 22 November 2017
Daniel Mahoney, Head of Economic Research at the CPS, said:  “The headline story from this Budget was the dramatic downgrading of Britain’s productivity forecasts – a minute-long section of Philip Hammond’s speech that will add as much to the deficit as the rest of it put together. In 2019, for example, productivity growth will be 0.7 percentage points lower than was predicted earlier this year. Overall, these revisions to productivity will knock nearly 3 percentage points off nominal GDP growth over the next five years.
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FSB in Scotland: Solid Budget gives firms stability
Wednesday, 22 November 2017
Today Chancellor Philip Hammond delivered his second Budget. The Federation of Small Businesses (FSB) in Scotland has broadly welcomed his announcements. 
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Comment: Brexit uncertainty wreaking havoc for GDP growth and budget deficit
Wednesday, 22 November 2017
Commenting on today’s Budget and its immediate impact on markets, Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: “Brexit remains the key area of uncertainty for both GDP growth and the budget deficit, with the key unknown being whether a comprehensive deal can be achieved in both the goods and service sectors. In anticipation of costs associated with new a relationship with the EU, the government confirmed that it had already spent £750m on Brexit preparations, with a further £3bn set aside. The key risk for the economy however remains whether a service sector agreement can be reached, given that it makes up more than 80% of the economy and its one area of trade where the UK has a surplus with the EU –in contrast to the manufacturing sector.” 
 
Budget: Give SMEs tangible support to succeed, warns ArchOver CEO
Wednesday, 22 November 2017
Following the Chancellor’s discussion of SME investment in the Budget statement, please see comment below from Angus Dent, CEO of P2P business lending platform ArchOver, on why SMEs must take control of their own destiny rather than relying on the government, and how they can improve their finances to drive growth. 
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ASTL comments on today's Autumn Budget statement
Wednesday, 22 November 2017
Benson Hersch, CEO of the Association of Short Term Lenders (ASTL), comments today on the Autumn Budget statement: “The Chancellor’s announcement that the Government will facilitate the building of 300,000 new homes a year, is welcome but ultimately we have heard promise after promise from successive Governments on house building, to little effect. Without a significant increase in social housing this is a pipe dream, especially as current figures include permitted development (offices to flats for example) rather than 'ground up' building. 
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Linedata Capitalstream Awarded “Most Improved” Commercial Loan Origination Solution by Aite Grou
Wednesday, 22 November 2017
Linedata (Euronext Paris : LIN), the global solutions provider dedicated to the investment management and credit industries, announced it has received an award from Aite Group in a recently published Commercial Loan Origination study.
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Euler Hermes: UK economy set for slowest EU growth rate in 2018
Wednesday, 22 November 2017
The UK economy is set to become the worst performer in the European Union next year, as the Brexit-induced slowdown becomes increasingly more pronounced, according to Euler Hermes, the world’s largest trade credit insurer. 
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