• Login
SUBSCRIBE TO OUR NEWS EMAILS
Friday, 22 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

SMEs worried about rising costs and Brexit

by Kevin Rose
28 August 2019
SMEs worried about rising costs and Brexit
Share on FacebookShare on TwitterShare on LinkedIn

Small and medium sized businesses (SMEs) across the country are most concerned about the looming economic impact of Brexit (30%) and potential for their operating costs to increase (19%), according to research from The Co-operative Bank.

The study, which asked SMEs to consider their biggest concerns across a range of business issues also found that rising costs are a key worry, with business owners considering the potential for both their own operating costs to rise but also for their supplier costs to increase (14%).

As UK SMEs count their costs, The Co-operative Bank has announced it will be extending its free introductory period for SME customers by a year. New Business Directplus customers will benefit from 30 months of free everyday banking, subject to certain transaction limits and a minimum credit balance of £1,000, making it the best-in-market introductory deal for the nation’s small businesses. The Bank has also chosen to extend this offer to existing customers who are still in their introductory period.

Donald Kerr, managing director of SME banking at The Co-operative Bank, said: “It’s understandable that SMEs are concerned about the potential for rising costs, particularly when there remains so much uncertainty about the impact that an exit from European Union will have.

“Small businesses can prepare to adapt to these changes, the first step they need to take is understanding the potential impact on their own suppliers and customers.

“As the only UK high street bank with a customer-led ethical policy we want to support businesses during this period of uncertainty.  By extending our free introductory offer for SMEs, we are giving businesses who choose to switch to us 30 months of free banking.”

Share1TweetShare
Previous Post

Keystone pulls its cashback offers

Next Post

Investec provides £25m redevelopment loan

Next Post
Investec provides £25m redevelopment loan

Investec provides £25m redevelopment loan

Rental costs race to new high

Rental costs race to new high

31% tax burden for retired households

Over-55s' generosity causing uncertain retirement

CLICK FOR COVID-19 LATEST

New CEO of the ASTL appointed

Bridging completions rebound in third quarter

1 December 2020
New lifetime mortgage provider gets FCA approval

BoE: highest number of mortgage approvals since September 2007

30 November 2020
Melanie Spencer to replace Phil Whitehouse at MCI Club

Significant drop in rate of applications to completions

30 November 2020

LIMITED COMPANY BTL REPORT

Most Popular

  • United Trust Bank

    UTB reveals Olympics competition winner

    0 shares
    Share 0 Tweet 0
  • Big data: big opportunity or big headache?

    0 shares
    Share 0 Tweet 0
  • Together named one of UK’s best 100 companies

    0 shares
    Share 0 Tweet 0
  • House prices fall again

    0 shares
    Share 0 Tweet 0
  • Relatively small difference between two and five-year fixed rates

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

No Content Available
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.