Delivery delays caused by Semiconductor shortages

there is a major problem with the manufacture of these Chips caused by the reduction in orders from the Automotive industry because of the fall in sales as a result of the Coronvirus lockdowns and the increase in demand for Computers, Mobile Phones and other Electronic devices. Now there has been an increase in Sales […]

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Electric Vehicles

I attach a Driver Fact Sheet and also Driver FAQs from LEX AUTOLEASE which are very helpful

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Electric vehicles

there has been a surge in interest for Electric and Hybrid vehicles – not only Cars but also Commercial Vehicles I have added several new cars to the Low Tax section

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Electric & Hybrid the way forward following increases in BIK due to WLTP

The move from the measurement of CO2 from the Old New European Driving Cycle (NEDC) to Worldwide Harmonised Light Vehicle Test Procedure (WLTP) has meant increases in Personal Taxation (BIK) for many Drivers the CO2 on some cars has increased quite substantially, which will inevitably lead to many Fleets reviewing their choice of car and […]

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Electric Car Grant continued

the Grant was extended in the March Budget despite earlier fears that it might be discontinued however it was reduced from £ 3500 to £ 3000 and only cars costing up to £ 50,000 now qualify as a result around 55 % of new plug-in cars still qualify

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Electric Cars – End of Government Grant ??

The Government currently offer a £ 3,500 Grant for New Electric cars – but this is due to expire on 31st March 2020 if this is removed it will add £ 100 per month to all 36 month Contract Hire rentals will will have to wait until the Budget next month to see what will […]

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Hitachi Capital opens Fund for Flood affected Businesses

Hitachi Capital Business Finance has set up a multi-million zero per cent interest Rural Emergency Fund to support flood stricken rural and local businesses in meeting unforseen costs. Hitachi has therefore allocated short term funding of £5 Million to help rural and local businesses that need help to replace or invest in Equipment that may […]

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Asset Finance Solutions UK Ltd – award winners

I am a Franchisee of Asset Finance Solutions UK Ltd who won the Asset Finance Broker of the Year award at the recent Leasing World awards ceremony so contact me for award winning service

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Award winning Asset Finance Solutions (UK) Ltd

I am a franchisee of  Asset Finance Solutions (UK) Ltd and they were voted Highly Commended Asset Finance Broker of the year at the Business Moneyfacts awards on 28th March

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Diesel cars – not the polluters we are led to believe

an article by Graham Hill who is a leading expert on all things relating to vehicles & leasing (was on the board of the NACFB & has been on TV) reveals that latest testing by a German automobile club ADAC has shown that some Diesel cars emit almost no NOx during on-road testing – suggesting […]

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Majority of SMEs seeking new funding

According to a report from Independent Growth Finance, 71% of SMEs are seeking new funding in 2019. Furthermore, 53% claimed that they had to wait a month or longer for traditional funding. Over a quarter of business leaders (27%) expect revenues to rise by more than 10% this year, the research found. Independent Growth Finance […]

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Annual Investment Allowance

From 1st January 2019, the Government are going to temporarily increase the amount of Annual Investment Allowance available to UK Businesses from £ 200k  to £ 1 million for 2 years Companies will be able to claim 100 % Allowance on qualifying Assets up to £ 1 million against tax  (currently 18 %)

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Embedded Capital Allowances – have you claimed ?

did you know that if you own a Commercial Property and you are a UK Tax payer, you can claim Capital Allowances on items such as Air Conditioning, Central Heating, Cabling, Security Systems etc  and unfortunately many Accountants are unaware of this – less than 20 % of property owners have claimed the Capital Allowances […]

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Small businesses should consider Alternative Finance says FSB

Peer-to-Peer Lenders could be a better match for some small businesses than traditional Banks, according to the Federation of Small Businesses (FSB), which has warned that just 13 % of small firms are applying for external finance. FSB national chairman Mike Cherry said `Despite being a decade on from the crash, we still have this […]

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Rolls-Royce prepares for post-Brexit export increase

Rolls-Royce will hire 200 more staff at its Goodwood factory in Chichester, Sussex, as it prepares to cope with an increase in exports after Britain leaves the EU. Chief Executive Torsten Muller-Otvos stated “I am delighted to announce our new recruitment programme. This reflects not only on the success of Rolls-Royce Motor Cars to date, […]

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Housebuilding sector drives buoyant July for UK Construction

The UK construction industry has reported its fastest output rise since May 2017, driven by housebuilding. The construction purchasing managers index hit 55.8 lastmonth, up from 53.1 in June – with a figure above 50 signalling growth

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Electric Cars

if you charge your Electric Car at a Motorway or Public charging point you could find that your motoring costs more than Petrol or Diesel !

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Driving Licences

does your Driving Licence show your current Address ? A recent survey has shown that 1.5 million people have their Old Address on their Driving Licence besides being a criminal offence, you need an up to date Licence as Proof of ID for any Finance Deal

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UK deficit falls to lowest level since the financial crisis in 2008

the UK public finances continued to improve in June, with the deficit lower than at any time since 2007. Tax receipts showed a growth of 3 % with a fall of 1% in public spending. Borrowing for the financial year so far has reached £ 16.8 billion, £ 5.4 billion less than in the same […]

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Record numbers of tourists in 2017

the ONS has revealed that there were 39.2 million visits by overseas tourists last year up from 37.6 million in 2016, partly due to the fall in value of Sterling –  The Guardian

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Asset Finance Solutions – Highly Commended

pleased to announce as a Franchisee of Asset Finance Solutions UK Ltd (one of the largest Finance Brokers in the UK) the `Highly Commended` award from Business Moneyfacts in the Asset Finance Broker category

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Ford leading Diesel fight back

Ford were the leading manufacturer for Sales of Cars & Commercial Vehicles in February which was their highest February sales since 2004 the Ford Vice President of Europe announced at the Geneva Motor Show, that Ford will continue its Diesel sales push, because its best for CO2, NOx is under control, better economy, cheaper operating […]

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Exports at strongest since 2000

A new report has found that UK exports are at their strongest position since 2000 despite threats posed by Brexit. The value of non-EU export goods increased by 150% with Heathrow holding a 30% share in this cargo. Heathrow`s export climate index tracks factors including the consumer confidence of the UK`s main trade partners by […]

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Ford Fiesta tops best selling cars for 2017

Ford Fiesta was the best selling car for 2017 selling over 94,000 – the others in the top Ten were:- 2- VW Golf                 74k 3 – Ford Focus           69k 4 – Nissan Qashqai   64k 5 – Vauxhall Corsa    52k 6 – Vauxhall Astra     49k 7 –  VW Polo               47k 8 […]

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London Exports up by 14.1 % in 2017

Latest HMRC figures (published 8th March) show Exports of Goods have risen by 14.1% (£36.2 Billion) in London during 2017 compared to the previous 12 months the National picture shows that exports of goods from England increased by 11.6% to £244.8 Billion Exports continue to grow faster than imports with the overall trade deficit narrowing […]

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Clean Diesel Car options

Honda are launching a New Civic 1.6 i-DTEC 120bhp Turbo charged Diesel 5 door Hatchback it meets the latest Euro 6 emissions rules – making it cleaner than many Petrol engines and with an Average of 80.7 MPG           – Daily Mail

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Electric cars Plug-In Hybrids – the dangers

If not charged properly at charging points (ie relying on the engine to trickle charge the battery), the car will be driven mainly on the Petrol engine resulting in achieving approx. 25 mpg instead of the 134 mpg advertised by manufacturers

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Pound rallies on record employment figures

UK unemployment fell by 3,000 to 1.44m in the 3 months to November, according to the ONS, which is at a 40 year low of 4.3%. The number of those in work rose to to a record 32.2m and wages rose at their fastest rate in almost a year. The Pound rose to $1.41 its […]

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Businesses should look to whole-life costs of vehicles

SMEs could save up to £1,440 per year if they switched to Electric motoring. A survey commissioned by Go Ultra Low found only 35% of businesses said they consider the whole-life costs of running a vehicle   –  Yorkshire Post

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UK boating industry buoyed

The UK`s Boat & Yacht industry has seen revenues surge to their highest level since the financial crisis after the weaker pound helped drive up sales. Sales rose by 3.4 % to £3.1bn in the year to April 2017, according to a report by lobby group British Marine, while overseas sales for UK marine manufacturers […]

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Manufacturing output expands at fastest rate since 2008

ONS figures show manufacturing expanded for the seventh consecutive month in November, the longest period of monthly expansion in the sector since 1997. During the 3 months to the end of November, manufacturing output was 3.9 % higher than the same period a year ago.      – Financial Times -BBC news Daily Mail Daily Telegraph

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small firms charged 20% interest by big banks

new research reveals that high street banks are charging some customers more than 20 % in interest, despite receiving billions in tax payer support to ramp up lending. financial information start-up DueDil found that Nat West & Santander are the most expensive of the big five high street lenders, with Nat West charging up to […]

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public borrowing shrinks to 10 year low

Government borrowing was at its lowest fot a decade in 2017 according to official data. Public borrowing was £48.1bn, the lowest since 2007, the ONS said. Tax receipts were up 5% in November 2017 compared to November last year- The Daily Telegraph     The Times    Financial Times   The Guardian

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strong end to year for manufacturing

the purchasing managers index (PMI) for manufacturing shows the sector finished 2017 with the best quarter of growth in more than 3 years. There was a slight downturn in December`s growth following rapid expansion in November, but the average reading of the PMI survey for the final 3 months of the year came to 57, […]

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Fewer Zombie firms

the number of `zombie businesses` in Britain has hit a 5 1/2 year low, according to R3. It found the proportion of organisations stagnating because they can pay only the interest on their debts fell to 3% in December – 2% less than April 2017 &  down from 9% in November 2012. it is also […]

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UK floats set for a century

The annual number of floatations on the LSE is expected to top 100 for the first time since 2014, in a sign that the UK is still attractive to firms despite the Brexit vote. “despite the challenges Brexit presents, London`s highly global, deep and liquid capital markets continue to be the ideal partner for funding […]

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UK manufacturing at 30 year high

the CBI`s industrial trends survey has revealed that the UK manufacturing industry has kept order books at a near 30 yesr high thanks to strong demand for motor vehicles and transport equipment. The survey, which includes the views of 371 manufacturers, revealed total order books had a balance of plus 17% with 28% of firms […]

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UK unemployment half of Eurozone

The OECDs latest report shows unemployment in the Eurozone is among the highest in the developed world – and more than twice that of the UK unemployment in the single currency blac is @ 8.8 %  compared to just 4.3 % in the uk  – Daily Mail

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Economy to grow faster from 2018 after Brexit divorce deal

Berenberg Bank has forecast that the economy will grow faster in 2018 and 2019 as the expected agreement of a Brexit divorce bill should inspire more business and household confidence. It has raised its GDP forecasts by 0.1% in each of the next 2 years. The Pound climbed to its highest level for almost 2 […]

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UK is top tech destination

The UK has remained Europes top destination for technology investment and talent this year, according to data compiled by Atomico. So far in 2017, UK technology businesses have attracted $5.4bn in investment, compared with $2.5bn for Germany and $2.1bn in France.  London was the top city for technology talent in Europe andthe number one hub […]

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Brexit could bring £65 billion windfall

A paper produced by the Economists for Free Trade Group says Britain could gain a £ 65bn windfall from Brexit if the chancellor seizes its `economic opportunities`. The Group said its own modelling showed `long run gains` including a fall in prices after abandoning EU tariffs on goods outside of Europe, `improved export performance`, less […]

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Small business optimistic for 2018

Research conducted by Small Business Saturday shows 78 % of small firms are optimistic for the future of their business in 2018. Meanwhile the JVP Group`s latest business barometer reveals 9 out of 10 SMEs in North Wales and the North West will take on new staff in 2018. When asked about their confidence going […]

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Rise of the self-employed

figures from the Office of National Statistics show that 4.86 million people work for themselves, an increase of 70,000 from the same period last year. Self-employed people now account for 15.1 % of all people in work – Manchester Evening News

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UK diesel car sales fall by nearly a third in October

sales of diesel cars fell by nearly a third in October compared to last year, with overall vehicle sales falling by 12 % – BBC News, The Independent, The Times

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UK Service Sector sees best results for 6 months

the UK Service Sector saw its best results for six months in October with the latest PMI increasing from 53.6 to 55.6 after a disappointing month in September. This comes after the UK manufacturing sector beat expectations with its growth results earlier this week, and UK construction, while still struggling, showed improvement on last month […]

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Record number of Bank closures

Banks in Britain are set to close a record 762 branches this year, depriving more customers of access to in-person financial services as Lenders cut costs by pushing business online. The number of branches shut or earmarked for closure this year is more than the 583 closed in 2016 and is the most on record […]

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Solutions to short-term cash flow problems

Richard Spielbichler of Independent Growth Finance explains that Invoice Finance and Asset-based lending can help businesses circumvent short-term cash flow problems. He says both Invoice Finance and wider Asset-based lending options can be ideal for supporting long term growth – Real Business

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increase in Electric Car sales

figures released by the Society of Motor Manufacturers & Traders in August, show that the registration of pure Electric cars shot up by 105 % year on year in July the registration of Petrol-Electric Hybrids soared by 76.8 % to 5,310 units, nearly 30,000 units over the first 7 months of this year in contrast […]

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Construction SMEs resort to self-funding

The directors of small British construction businesses are lending them more money to plug a funding gap as Banks set tighter lending criteria, focusing on larger players, and major contractors delay payments. A survey of traders including electricians, plumbers and decorators, by online finance market Funding Options, found directors lent the companies £38 million in […]

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Funding Concerns

A recent study by Insurer Hiscox has revealed that 36% of business owners said a lack of choice was the most common single challenge they faced when looking for funding. What also emerged was that 20% are still unaware of the variety of funding options available to them. Meanwhile, a discussion paper from the Institute […]

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