Inflation drops to 3% – what does this mean for business?

January 18th, 2018|Kwanji|

The UK's inflation rate has fallen this week for the first time since June. The inflation rate dipped to 3% in December, down from November's rate of 3.1% - a six-year high, as had been expected by the market. "The fall-back in CPI inflation from 3.1% in November to 3% in December marks the beginning [...]

What will the new MiFID II regulations mean for you?

January 11th, 2018|Kwanji|

The MiFID II regulations which were expected to come in last Friday are now anticipated to be delayed for at least of 3 months as the regulator looks to work with trading venues to compile the data necessary to make the measure successful. MiFID II an extensive piece of legislation. It’s an updated version of [...]

What does 2018 have in store for your finances?

January 4th, 2018|Kwanji|

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 [...]

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

December 14th, 2017|Kwanji|

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 [...]

What’s next for Bitcoin?

December 7th, 2017|Kwanji|

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 [...]

What will the Brexit Bill mean for businesses?

November 30th, 2017|Kwanji|

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 [...]

How will the Autumn Budget affect your business?

November 23rd, 2017|Kwanji|

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 [...]

Will the new PSD2 regulations affect you?

November 17th, 2017|Kwanji|

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 [...]

How to winter proof your business

November 9th, 2017|Kwanji|

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 [...]

Sterling drops as interest rate is raised

November 2nd, 2017|Kwanji|

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. [...]

x
x