CCR Magazine

You are here  :Home arrow News arrow News Release: Autumn Statement Response from Small Business Lender Boost Capital
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News

  • FSB on weak Scottish jobs figures
    Official figures published today show that Scottish unemployment grew between December and February. Further, Scottish employment also fell over the… More


News Release: Autumn Statement Response from Small Business Lender Boost Capital PDF Print E-mail
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.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


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.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197