Thousands of medium-sized businesses will be able to submit simpler accounts with Companies House under government proposals. Some businesses that are currently classed as medium-sized for accounting purposes would be considered ‘small’ under plans to enforce new EU rules in the UK. This is because the government plans to use the EU’s maximum thresholds for […]
Almost half of people do not know the current rate of their mortgage, research by communications campaigner Keep Me Posted has found. The consumer group surveyed more than 1,000 people and found that 42% of UK mortgage holders are unaware of the interest rate on their mortgage. The research also reveals that many people do […]
The majority of British businesses favour a renegotiated relationship with the EU with certain powers returning to Westminster, a British Chambers of Commerce (BCC) survey has found. Of the 3,200 businesses surveyed by the BCC, 60% wanted to see a renegotiated relationship – a 6% increase on Q1 2014. The survey also found that: 59% […]
Amsterdam/ Moscow, 2 September 2014 On 26 August 2014, the Dutch Ministry of Foreign Affairs has issued a so called “Handboek Rusland” (Russian Manual) with much needed clarifications regarding the sanctions. The sanctions apply to all EU companies and citizens. This includes EU citizens who are the director of a Russian company and Russian branches […]
There was a ‘strong increase’ in cash savings in July 2014 following the introduction of New Individual Savings Accounts (NISA), according to the British Bankers’ Association (BBA). The BBA data reveals that savers deposited £4.9 billion more into ISAs in July 2014 compared to June 2014. NISAs allow customers to save up to £15,000 a […]
Home insurance is the easiest financial product to switch, a survey commissioned by Gocompare has found. The poll of more than 2,000 people found that the majority of consumers (90%) who had changed home insurance provider thought the process was easy. Car insurance (84%) and credit cards (83%) were the next easiest products to switch.Changing […]
Following the escalation of the conflict in Ukraine, the EU has established a number of sanctions on transactions with Russian companies and individuals. As one of the top investors in the Russian economy and an important logistical hub in exports to Russia, the Netherlands play an important role in the day-to-day relations between the EU […]
Contractors wait more than 40 days for payment from some local councils, the Asset Based Finance Association (ABFA) has found. The research reveals that council suppliers wait an average of 17 days to receive payment from councils. In July 2010, local authorities were urged to follow the example of central government and pay 80% of […]
On June 4th, 2014 the Swedish Parliament adopted the Government’s proposal regarding a number of simplifications for limited liability companies with the purpose of decreasing their administrative burden. The new rules entered into force on August 1st, 2014. In short the new rules in the Swedish Companies Act are as follows:– The requirements to adopt […]
The consumer prices index (CPI) rate of inflation fell to 1.6% in July 2014, down from 1.9% in June 2014, according to official figures. The Office for National Statistics (ONS) said falling clothing prices had made the biggest contribution to the drop, while alcohol, financial services and food products had also experienced declining prices. This […]
More than a quarter (28%) of UK adults have needed to borrow money from family members, according to research from the Centre for the Modern Family. The report by the Scottish Widows think tank reveals the amount lent by family members is worth around £31 billion per year, with individuals receiving an average sum of […]
Employment in Scotland has reached the highest level since records began in 1992, according to figures published by the Office for National Statistics (ONS). The latest labour market figures reveal that total employment increased by 63,000 in the last year, bringing the total employment figure to 2,594,000. The Scottish employment rate is now above the […]