Development Bank of Wales to get its Skates on

According to Economy Secretary Ken Skates, the Development Bank of Wales is on course to open in the first half of this New Year. The aim of the new bank is to provide more than ¬£1 billion of investment support to Welsh businesses across the next five years, and to help micro and medium businesses … Continue reading Development Bank of Wales to get its Skates on

Why Your Bank Might Start Charging Interest On Your Savings

Two of the big players in the banking world, NatWest and RBS, have shocked their business customers this week by suggesting that they may consider charging interest on credit balances if the Bank of England cuts to a negative rate. Despite assurances from RBS that such a move would be an absolute last resort, it … Continue reading Why Your Bank Might Start Charging Interest On Your Savings

Small Business Loans: Small Banks vs. Large Banks

Small and medium enterprises will begin to drive economic growth in the UK during the next ten years, according to the Department for Business, Innovation and Skills. This contrasts sharply with the 20th¬†century, in which large corporations were the main drivers of economic growth. SMEs that use new technologies such as communications and computers are … Continue reading Small Business Loans: Small Banks vs. Large Banks