What is Open Banking? Open Banking is a set of software standards and industry guidelines that aims to drive competition and innovation in UK retail and business banking. Good news for small businesses and consumers! It is governed by the Competitions & Markets Authority (CMA).
The collapse of construction giant Carillion has impacted upon thousands of small business suppliers and sub-contractors. This week’s news that Carillion has gone into liquidation will have an immediate impact upon suppliers who are owed money or who are currently working on Carillion projects. It will undoubtedly mean impairments for those small businesses, but more […]
Today the British Chambers of Commerce (BCC) has published its Q4 2017 Economic Survey – Britain’s largest and most authoritative private sector business survey – based on more than 7,000 responses from firms across the UK. The report shows that growth in the UK economy remains subdued, with almost all services indicators down since the […]