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Showing posts with the label piggy bank

Small Businesses Get Set for the Better Lending

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For many folks heading to work today, their concerns will lie little further than a few weeks ahead. But for Britain's exceptional network of small business and e-fulfilment companies, the next few weeks could be crucial to the year's business. UK-based order fulfilment companies are already setting their sights on a busy festive season. Despite economic concerns such as small businesses struggling, fulfilment companies are heeding the Bank of England's words in relation to an £80 billion scheme to boost lending to small businesses. And more small businesses means more demand for order fulfilment. The scheme flies in the face of research published by the Federation for Small Businesses (FSB), which found that around four in every ten small business loan applicants is being turned down by big banks. The FSB has long campaigned for more flexible lending, and George Osborne has announced that the aim of the £80 billion scheme is to release funds to banks at very low in...

Parents Admit "Borrowing" Money from Children's Money Boxes

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Mums and dads have come clean about being sometimes so broke they have had to take cash from their children's money boxes. A survey from Clydesdale and Yorkshire Banks carried out last year found that more than half of parents whose youngsters are aged between five and 12 admitted taking money that wasn't theirs. A total of 13% confessed to using the funds because they had no other resources. Equally, a minority of 3% of mums and dads admitted that they never returned the money to their kids. However, of course money boxes for children remain excellent presents for teaching children to save and to start learning about the value of money. They also make saving fun! And children could need all the help they can get while the national pocket money budget is currently a weekly tally of £40m, around a quarter of mums and dads have cut down on how much they give their offspring, reports the Tesco Bank. The UK weekly average is £5.80, mostly given in return for help with chores,...