Novia Financial, the Bath-based wealth management firm, has set up its own charity foundation to primarily support projects that aim to improve and help the lives of people in the city and its surroundings. The Novia Foundation, which has been accepted on the Register of Charities, was created to mark 10 years since...
Steel stockist and supplier Avon Steel, which was rescued from a cashflow crisis four months ago, has secured a £2m invoice finance facility as it looks to take advantage of an expected resurgence for the industry. Demand for UK steel is forecast to grow in the face of rising import prices. The government’s Industrial Strategy...
Each week Bath Business News and Pearson May bring you the top national finance stories. This week we look at Chancellor Philip Hammond’s Spring Statement. A statement with few new announcements There were a number of updates on growth, borrowing and debt. Find out more here Consultations – business rates revaluation brought...
Bath business experts have been reacting to Tuesday’s Spring Statement, with most pointing to what Chancellor Philip Hammond failed to deliver rather than what he said. The city’s largest accountancy practice Bishop Fleming was particularly hard-hitting in its comments, calling it a “missed opportunity to be bold, imaginative and transformative”, especially as the...
Business West, the region’s largest business organisation, welcomed Chancellor Philip Hammond’s assertion in his Spring Statement that he would continue to “support British businesses” – but it insisted that his actions had to speak louder than words. The £80m pledge to help small firms take on apprentices and the opening up of the construction...
CBI chief economist Rain Newton-Smith said the Chancellor was rightly backing British business to secure the UK’s future prosperity in a new economy. “It’s great to see an upgrade in the state of our public finances and rightly sensible to set more aside for a rainy day with Brexit uncertainty still weighing on the...
The Federation of Small Businesses (FSB) has welcomed Chancellor Philip Hammond’s plea to examine ways to help small businesses deal with the “scourge” of late payment. Chairman Mike Cherry said: “The Chancellor is absolutely right to commit the government to eliminate the scourge of late payments, which place cruel financial pressure on more than...
Key points from today’s Spring Statement: Next spending review will take place in 2019 UK economy grew by 1.7% in 2017 OBR has increased forecast for growth next year but downgraded those for 2021 and 2022 Investment programme of £44bn to raise housing supply to 300,000 a year by the mid-2020s. Extra £1.7bn to...
Chancellor Philip Hammond is being urged to tackle Bath’s housing crisis and invest in its infrastructure in his Spring Statement tomorrow. The plea has come from Business West, the region’s largest business organisation, which also runs the city’s Chamber of Commerce and the Bath Initiative. With only a year until we leave the European...
To the surprise and relief of most in the tax profession, the 2017 Autumn Budget (which took place last November) was a relatively gentle affair. And this week’s Spring Statement was not a major tax event either, writes Pearson May partner Nick Oliver FCA FIoD. One of Chancellor Philip Hammond’s objectives in moving the...
