With Christmas shopping on everyone’s mind, we’re turning to all things financial for this week’s SME finance round up. See which articles we’ve been clicking on for small and medium business news – including all about the Autumn Statement, new travel prices for the New Year and digital innovations in lending.
Feature of the week
Autumn Statement: What it means for you | BBC News
The hot topic for finance this week had to be the Autumn Statement 2014, delivered by Chancellor George Osborne on Wednesday 3rd December. As it aired midday, many of us have relied on reports to catch up on what was announced for the upcoming year in finance news. We like this simple breakdown by the BBC, covering many of the most-talked about topics including house buying news, changes to personal allowances for tax, air travel updates and predictions for wage rises for the next five years. Don’t miss it.
And in other financial business news…
Britain’s first digital-only bank, Atom, is established and set to launch in 2015. It’s already gained 70 investors, including high-profile names such as British jewellery designer Theo Fennell, and is currently valued at roughly £30m. The investment announcement arrived amongst news that even more high street banks are closing branches and cutting jobs – click on the link to find out more.
Rail fares to rise by 2.2% next year | BBC News
It’s not great news for commuters and businesses relying on train travel, as the government has confirmed that average rail prices will be rising by 2.2% from 2nd January. Read the article for further information, but many money-saving sites are recommending buying any tickets (including season tickets) in advance to avoid these jumps as much as possible.
Do you own or work in a retail business that’s close to a university? Then make sure you haven’t forgotten about one important consumer audience: the student. New figures in this article reveal just how much a University town’s shopping economy is boosted when term time starts – and it’s not to be sniffed at.
From students to the next generation of success-hungry, wannabe business people… The Guardian has issued this feature with advice for young owners of start-ups who are struggling to make that first funding step (hint: look towards more innovative sources of finance such as crowd funding).