The UK saw an alarming increase of borrowing in 2017, compelling the Bank of England to issue a warning about the risk of rapidly rising debt to the UK economy. But this warning was related to consumer borrowing and so far, the UK economy seems to be unaffected. Moreover, there has been a higher-than-expected growth
Open Banking is the new digital innovation sweeping UK banking services, which could contribute more than £1billion annually to the UK economy. Open Banking is the UK’s implementation of the EU’s Revised Directive on Payment Services from 2015. There will be various measures introduced, but the main one being banks will now be able to
Per the Business Demography release, published by ONS in November 2017, there were approximately 2.85 million active businesses in the UK in 2016; an increase of 135,000 on 2015. The research details the number of business births continued to increase from 383,000 to 414,000 between 2015-16, a birth rate of 14.6%. “Birth rate” definition: New
Today, cyber-attacks are becoming more prevalent, more frequent and more threatening than ever before. Now that the majority of financial institutions are opting to transform their operations by using new digital channels, automation and other advanced technologies, the dangers to companies are considerably heightened. Utilising a report from Ernst and Young (EY), Turnerlittle.com sought to
With an estimated new social media user every 15 seconds, there has never been a better time to turn your business’ social media strategy up a notch in 2018. With an estimated new social media user every 15 seconds, there has never been a better time to turn your business’ social media strategy up a notch
Starting-up a business is no easy task. Regardless of the idea or industry, it entails a lot of risk and uncertainty. There are a ton of aspects to consider from finance to logistics. It can therefore be an intimidating mind field, especially if you have little knowledge or experience of what is entailed. Yet many
Over the last few years, cryptocurrencies have been all the rage. This year particularly, their popularity has not only spiked, but the price of certain cryptocurrencies has gone through the roof. For instance, one Bitcoin in 2010 was worth a mere $0.08, now it’s above an eye-watering $6,000. Etherium, the next biggest cryptocurrency after Bitcoin,
Over the last few years, cryptocurrencies have significantly grown in prominence. Despite their rise, many still don’t know or fully understand what cryptocurrencies really are. With this in mind, Turnerlittle.com decided to provide a clear starter guide on cryptocurrencies including their potential pros and cons. What is Cryptocurrency? Cryptocurrency is essentially a digital currency which
Recently, the Office of National Statistics released a report titled Annual Business Survey: UK non-financial business economy foreign-owned businesses. The report revealed in 2015, there were just over two million registered non-financial businesses in the UK, of which just 1.1% (24,141) were owned by businesses outside of the UK (foreign-owned.) Being the case, Turner Little
Before Brexit was decided upon, numerous commentators, experts and financial professionals expressed their concerns on what a calamitous decision ‘Brexit’ would be for the country. One of the reoccurring worries among these individuals was the impact uncertainty from the vote would have on the future of foreign investors and multinational businesses when looking to invest
