Vernon Building Society has completed the refurbishment of its Poynton branch, the last remaining bank or building society branch still open in the town. The £150,000 refurbishment of the Stockport mutual’s branch on Park Lane, Poynton, is a further demonstration of the building society’s … [Read more...]
News for: Finance
Inflation holds at 2.2% in August
Latest inflation data from the Office of National Statistics (ONS) has found that prices rose 2.2% over the 12 months to August 2024, the same rate as recorded the previous month. The latest Consumer Price Index (CPI) data from the ONS sees inflation remain slightly above the Bank of England’s 2% … [Read more...]
Alderley Edge financial advisors sponsor charity golf day
Wilkinson Financial Management, an advisory firm based in Alderley Edge, served as the headline sponsor for a charity golf day on 5th September 2024 in aid of Seashell Trust. The event attracted almost 100 local business professionals and golf enthusiasts who engaged in a challenging 18-hole … [Read more...]
ONS reveals July rise in inflation
The latest inflation data from the Office of National Statistics (ONS) has revealed the rate of price rises quickened in July for the first time this year. The ONS recorded that its headline measure of inflation, the Consumer Price Index, rose by 2.2% in the 12 months to the July 2024, up from … [Read more...]
Bank of England cuts interest rates for first time since March 2020
Economists at the Bank of England have voted in favour of cutting its base rate to 5%, the first cut in interest rates since March 2020. The Monetary Policy Committee voted 5-4 in favour of the 0.25 percentage point cut in interest rates. The decision follows interest rates having been held at … [Read more...]
North West profit warnings down of previous year’s figures
UK-listed companies in the North West have issued 21% fewer profit warnings in the first six months of 2024 than in the same period last year, according to EY-Parthenon’s latest Profit Warnings report. A total of 11 warnings were issued by businesses in the region in the six months to … [Read more...]
Bank of England continues to hold interest rates at 5.25%
Leading economists on the Monetary Policy Committee (MPC) of the Bank of England have once again chosen to hold interest rates at their current 16-year high of 5.25%. Committee members voted 7-2 in favour of keeping rates at 5.25% for at least a further six weeks; the two members voting against … [Read more...]
Inflation drops to 2% target level in May
The headline rate of inflation slowed to 2% in May, according to latest Consumer Price Index data (CPI) from the Office of National Statistics (ONS). Inflation fell 0.3 percentage points from April's figure of 2.3%, bringing the rate of inflation back down to the Bank of England's target rate and … [Read more...]
UK economy grew 0.7% in three months to April 2024
The UK economy grew 0.7% in the three months to April 2024, according to the latest GDP data from the Office of National Statistics (ONS). The services sector, the largest part of the UK economy, saw the fastest growth, with output up 0.9% over the quarter. The best performing subsectors included … [Read more...]
NPIF II attracts interest from over 490 North West businesses
Expressions of interest have come in from over 490 businesses across the North West keen to access funding from the Northern Powerhouse Investment Fund II (NPIF II) according to fund managers. Across the North of England as a whole, the £660 million fund which launched earlier this year, over … [Read more...]
£660 million second Northern Powerhouse Investment Fund launches
Small businesses in Cheshire and across the North of England are set to benefit from the launch of the new £660 million Northern Powerhouse Investment Fund (NPIF) II from the British Business Bank. Since the launch of the first Northern Powerhouse Investment Fund in 2017, it has delivered over … [Read more...]
Bellway partners with mortgage provider to support Cheshire homebuyers
Housebuilder Bellway has partnered with Own New on a mortgage product that will make it more affordable to purchase a new homes at three of its Cheshire developments. A new mortgage product, Own New Rate Reducer, could see buyers of new-build Bellway homes benefit from interest rates from below … [Read more...]