Bank Base Rate – August 2015

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment.  At its meeting ending on 5 […]

By |August 6th, 2015|General Finance|Comments Off on Bank Base Rate – August 2015

Budget Overview

So for the first time in nearly  20 years a non-coalition Conservative government were able to announce their own budget.

George Osborne introduced what he viewed as a budget focussed on the economy of the UK as a whole. Opinion as usual is mixed, but you cannot ignore what many are calling a “radical” budget.

Several key points from […]

By |July 8th, 2015|General Finance, Uncategorized|Comments Off on Budget Overview

To be or not to be: that is the question

To be directly authorised or not to be directly authorised that is the question many brokers, manufacturers and dealers are asking themselves at the moment.

On the 1st April 2014 the Financial Conduct Authority (FCA) took control of the Consumer Credit market from the Office of Fair Trading (OFT) and with that control came a number of changes to the […]

By |January 20th, 2015|Asset Finance Solutions' Stories, General Finance|Comments Off on To be or not to be: that is the question

Fraudulent South African Site

It has been brought to our attention that there is a business in South Africa proclaiming to be a Franchise of Asset Finance Solutions (UK) Limited

http://www.assetfinancesolutions.co.za/

We can confirm that there is no link between our business and this South African business, we have formally served notice on them to remove any references to us and […]

By |November 11th, 2014|General Finance|Comments Off on Fraudulent South African Site

The FCA Warns Car Dealers

The Financial Conduct Authority (FCA) have warned that a ‘tick box’ approach to regulation won’t work when applying for full authorisation.

Dealers need to adopt the spirit of regulation as well as the rules. Francisco Esteves one of the Authorities Managers aims to dispel some of the myths surrounding the takeover of responsibility of consumer credit by the FCA.

Esteves has underlined the differences […]

By |October 13th, 2014|General Finance|Comments Off on The FCA Warns Car Dealers

Bank Base Rate – October 2014

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion The Bank of England’s Monetary Policy Committee at its meeting on 8 October voted to maintain Bank Rate at 0.5%.  The Committee also voted to maintain the stock of purchased assets financed by the issuance of […]

By |October 9th, 2014|General Finance|Comments Off on Bank Base Rate – October 2014

FLA Figures Point to Strong July Performance

The Finance & Leasing Association (FLA) have released figures showing July 2014 leasing and hire purchase business was up by 23% based on July 2013 figures, confirming July was the strongest performance for the year so far.

New Car finance, plant and machinery showed the highest increases at 35% and 30% respectively, compared to the same period last year.

Geraldine Kilkelly, the […]

By |September 12th, 2014|General Finance|Comments Off on FLA Figures Point to Strong July Performance

Can Asset-Based Finance Help UK Businesses Stay Afloat?

Cash flow is the life blood of all businesses and even more so for new starts and smaller companies. So in a market where banks are very cautious how can firms preserve cash or indeed gain a cash injection ? Asset Based lending may well be the answer.

The UK government announced on the 6th […]

By |August 15th, 2014|General Finance|Comments Off on Can Asset-Based Finance Help UK Businesses Stay Afloat?

The Consumer Credit industry has to improve.

The Financial Conduct Authority sent out a stark message to the consumer credit market on Friday that the sector has to improve its practices and raise standards.

Speaking at the FCA’s inaugural annual meeting in London, chief executive Martin Wheatley said that the sector had to improve standards.

“We want to see continual improvement in standards not just in lending […]

By |July 19th, 2014|Asset Finance Solutions' Stories, General Finance|Comments Off on The Consumer Credit industry has to improve.

New fuel rates for company cars

Advisory fuel rates for company cars New company car advisory  fuel rates have been published which took effect from 1 June 2014. HMRC’s website  states:

‘These  rates apply to all journeys on or after 1 June 2014 until further notice. For  one month from the date of change, employers may use either the previous or new  […]

By |June 30th, 2014|General Finance|Comments Off on New fuel rates for company cars