Some business news you might have missed

Some business news you might have missed

Record growth, unhappy energy and why wonga works in mysterious ways

Record growth in May

The CBI says economic growth in May was the highest since it began recording data in 2003.  A survey of 726 respondents across manufacturing, retail and service sectors ‘registered record high growth in business activity’, up 35% from 25% in April.  The CBI reckons growth is expected to remain ‘firmly above average’ for the coming quarter.

CoE to offer financial advice

The Church of England, in an effort to move people away from payday lending companies, is planning to offer its members financial advice and might encourage finance lessons in CoE schools.  Under the guise of the Church Credit Champions Network, it wants people to use savings and credit responsibly and will support community finance schemes, perhaps even letting credit unions use church premises for branches.

Energy market unfair for SMEs

After the big energy firms said they’d stop rollover contracts for the SMEs, the Federation of Small Businesses (FSB) has found that suppliers still don’t have the trust of business customers.   Polling 1,400 of its members, 81% said the firms don’t care about their needs, 65% thought it was difficult to change supplier and only 27% felt there was enough competition in the energy market.

Wonga boss steps down

OK, this happened before the CoE made its move, but Wonga boss Niall Wass has quit his job after six months in the role.  Announcing his departure he said ‘I felt the time was right to take a new opportunity elsewhere’.  He didn’t go on to add that he’d been receiving nuisance calls and had been followed by shadowy figures in black suits with white collars.

There are 2 comments for this article
  1. Euroffice Customer at 1:27 pm

    Some excellent news about the record growth in May, lets hope it continues through to the end of the year then I’ll be confident we are out of this financial mess at last !!

Leave a Reply

Your email address will not be published.