on the blog

28th Jan, 2015

Business Confidence at a Three-Year High – Now is the Time to Capitalise

As the first month of 2015 draws to a close, UK businesses are increasingly optimistic about the year ahead. A handful of surveys have pointed towards confidence in the British economy stemming from improving labour markets and falling inflation, indicative of a positive economic outlook. Here’s a summary of why business owners should look favourably on 2015 and gear up for growth.

Increasing sales and profits

A poll by accountancy group Grant Thornton revealed the UK was one of the most optimistic economies in the final quarter of 2014, with 68 percent of executives admitting confidence for the coming year. A survey of 1,500 businesses by Lloyds Banking Group reported that 43 percent of companies expect an increase in sales, orders and profits in the first half of 2015. Confidence has been reinforced by news that the UK’s economy grew by 2.6 percent in 2014, the fastest pace since 2007.  (more…)

28th Mar, 2013

Quick – get a TV ad done, it’s ISA season

It’s that time of year when marketing agencies fill their boots. Banks throw their money at media campaigns designed to tempt the public into filling ISA allowances before the deadline. If you’re drawn to this sort of advertising, there’s billboards, TV ads, newspaper ads and all manner of chatter on consumer websites.

You could argue it’s going to need a lot of publicity this year for the public to put their money in ISAs.


28th Sep, 2012

A Matter of Time

Data released by the British Bankers Association this week has revealed consumers are saving more money than last year, rising by 5.8 per cent from the previous August. They’re also shunning savings accounts for ISAs and it’s easy to see why. To beat inflation, basic tax rate payers need to find an account that pays more the 3.14 per cent and higher rate taxpayers 4.18 per cent – no easy task when the best buys are typically lower than that.

This data coincides with news that complaints about banks have risen by 59 per cent. Although PPI complaints are skewing the data a bit, apparently there is increasing concern from consumers about savings accounts, loans and credit cards too.

At all this tells us that people are slowly realising that savings accounts are not worth having at the moment (according to Watchdog the average interest rate is hanging around at 0.94 per cent) and are looking for better returns. However, the ISAs that these savers are targeting don’t do much better and you can still only add a finite amount each year.


Thank you
Your Bid's been