Increasingly, the landscape for savers post-Brexit is beginning to resemble a cold afternoon in Siberia. In what has been described as a ‘savings’ bloodbath’, rates have been culled after the Bank of England (BoE) reduced the base interest rate in a bid to stave off a seemingly inevitable period of recession. NatWest is the latest bank to join in the slaughter, cutting its … [Read more...] about What are the fundamental differences between banks and building societies?
Over the last few years, we have seen a gradual change in emphasis in the way that we access our bank accounts and services. More specifically, leading providers have begun to usher in a digital age of banking, from the implementation of mobile apps and contactless payment to the deployment of technological advanced fraud squads. Of course, traditional banks have been forced to … [Read more...] about Will the Rise of Online Banking ever Sound the Death Knell for Lenders?
Since Brexit, we have all been debating the impact that leaving the EU is going to have on businesses, not only in the UK but also across the world. We have already seen the detrimental impact that Brexit has had on banks in the US and Europe. The day after the UK voted to quit the European Union, shares in big overseas banks fell from seven to 20 per cent. Of course, a lot of … [Read more...] about How will leaving the EU impact foreign banks?
Britain’s decision to leave the EU on June 23rd has potentially huge ramifications, both politically and economically. Since the decision, Britain has gained a new Prime Minister, but uncertainty remains on when the UK will actually leave the EU, and what impact this will have on their international trade deals. What is VAT? One area where many Brits are concerned is … [Read more...] about New for Investment Planners: Will Brexit See a Rise in VAT?
An infographic that takes a look at some of the potential implications of a Brexit on UK business and industry. The infographic is well balanced (doesn't seem to take sides - which is good) that contains some interesting data visualisations and information. It starts off by looking at the current SME opinion poll data on the impact of a Brexit - revealing that there is … [Read more...] about The Brexit & SMEs [Infographic]