What does 2018 have in store for your finances?

INCOME Wage growth averaged just 2.2% per household for much of 2017 and there is little sign of change coming. This means that household budgets are expected to stay strained throughout 2018. According to the Lloyds Bank Spending Power Report, consumers are much more concerned about the state of the economy and their wages than [...]

January 4th, 2018|Kwanji|0 Comments

Inflation hits a 6 year high – what does it mean for you?

Inflation rose to 3.1% in November, which is the highest rate in almost six years while the most recent data shows that average weekly wages are growing at just 2.2%. The annual inflation rate has more than doubled from 1.2% to 3.1% in the past year – its highest level since March 2012 – mainly [...]

December 14th, 2017|Kwanji|0 Comments

What’s next for Bitcoin?

Bitcoin hit the $15,000 threshold for the first time today. The cryptocurrency has experienced an incredible surge in value; at the beginning of 2017, a single Bitcoin was worth under $800. The new record high comes after the announcement last week that a US regulator agreed to let two traditional exchanges, CME Group and CBOE [...]

December 7th, 2017|Kwanji|0 Comments

What will the Brexit Bill mean for businesses?

Britain has agreed to fully honour its financial commitments as identified by Brussels. Currently, neither the UK government nor the EU have put a figure on the total amount but estimates imply that the payment will amount to about €40bn on a net basis. The Brexit Bill payment had been one of the main sticking [...]

November 30th, 2017|Kwanji|0 Comments

How will the Autumn Budget affect your business?

Yesterday, Phillip Hammond delivered his third budget as Chancellor and also the first UK Autumn Budget in twenty years. With the triggering of Article 50 and the snap General Election in June, the UK economy has withstood a series of significant shifts over the past year. The main headline grabbing news from the Budget was [...]

November 23rd, 2017|Kwanji|0 Comments

Will the new PSD2 regulations affect you?

The new PSD2 regime will be in force from 13 January 2018. PSD2 is an EU Directive which sets requirements for firms that provide payment services, and will affect banks and building societies, payment institutions, e-money institutions and their customers. As well as promoting innovation, PSD2 aims to improve customer protection, make payments safer and [...]

November 17th, 2017|Kwanji|0 Comments

How to winter proof your business

1)  Evaluate your expectations of the Festive period and plan accordingly For some businesses, the Festive period is the busiest of the year, while for others it can be when things really quieten down.  Whichever category you fall into, you need to be fully prepared – especially when it comes to your finances. If you [...]

November 9th, 2017|Kwanji|0 Comments

Sterling drops as interest rate is raised

This afternoon, for the first time in 10 years, the Bank of England (BoE) has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007. The decision hasn’t come as a shock, especially as several strong hints have been dropped over the last few months. [...]

November 2nd, 2017|Kwanji|0 Comments

Brexit and Sterling this week

Confusion surrounding the Brexit negotiations has not been eased any this week causing the GBP/EURO exchange rate to continue to fluctuate. On Tuesday, Sterling rose to €1.123 against the euro following a higher than predicted consumer confidence index.   Rising from -1.2 to 1.0, it had recovered after three quarters of decreasing. However on Wednesday, Brexit [...]

October 26th, 2017|Kwanji|0 Comments

Will May’s trip to Brussels help stabilise Sterling?

Sterling jumped against the euro as Theresa May flew to Brussels to hold special Brexit talks with European Union president Jean-Claude Juncker and chief negotiator Michel Barnier, in the hope of breaking the current deadlock in Brexit negotiations. Sterling hit 1.127 against the euro and 1.329 against the US dollar, with expectations that May [...]

October 19th, 2017|Kwanji|0 Comments