FCA Concerned About Mortgages for Contractors
It wasn’t long ago that umbrella contractors struggled to get a mortgage, but now the opposite is true, and the FCA has spoken about their concerns.
lending
Government confirms AWR review within 18 months
Umbrella company contractors were probably relieved to hear Vince Cable announce that the government intends to review the administrative effects of AWR within the next 18 months.
Has AWR made it harder for contractors to get a mortgage?
It has been suggested that the implementation of the Agency Workers Regulations will make it harder for umbrella company contractors to secure a mortgage.
Small businesses urgently need to access credit
Vince Cable, the business secretary, says that the suggestion to set up a new government funded bank to lend to SMEs, would not be effective in tackling the crisis those businesses face when trying to obtain credit.
Do lending targets help the clients of umbrella company contractors?
The FSB claims that small businesses cannot start-up and grow with the present lending targets set by the government.
EU is relying on small businesses to drive recovery
The small business sector is crucial to EU growth, according to Helena Walsh, the Brussels regional director for Cicero Consulting.
Are UK banks bad news for umbrella company contractors?
Lord Oakeshott, the former Liberal Democrat Treasury spokesman has accused the UK banks of hindering the economic recovery by refusing finance to small enterprises and charging extravagant rates when they do.
Lending drought predicted for small businesses
Small businesses across the UK are still struggling to obtain finance, in spite of the targets set by the government as part of its bail-out packages for some of the country’s biggest banks.