Latest News Headlines
Commercial Credit News
|News Release: Autumn Statement Response from Small Business Lender Boost Capital|
|Wednesday, 23 November 2016|
Alex Littner, managing director of short-term small business lender Boost Capital, said: “The confirmation that the National Living Wage will rise to £7.50 an hour next April will be a blow to many small firms already struggling to cope with higher pay rates. Our clients who operate in sectors populated by low-skilled, low-paid workers, such as care homes, retail, and hospitality businesses, have been particularly hard hit by these pay regulations, with firms increasingly borrowing just to cover basic wage costs.
“When the Chancellor has confirmed lower-than-expected levels of growth due to uncertainty over the outcome of the Brexit vote and higher inflation, SMEs are set to be under increasing pressure from many quarters, and it is worrying that higher wage bills will add greatly to this stress.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197