Small business owners are putting their homes and savings at risk because they do not understand personal guarantees that they sign when taking out loans from high street banks, according to a report. An investigation of small and medium-sized enterprises’ understanding of loan conditions, specifically personal guarantees, has found 55 per cent of them do not understand the guarantees – despite the fact that they are attached to all high street bank SME loans. Yet 79 per cent said they are not put off personal guarantees when taking out a loan. ...read
Vicki Owen, Financial Mail on Sunday's recent articles
SMEs should be ‘counting on two numbers’ for a bullet-proof EU result - a 55% majority and a 60% turnout - says forex firm
A lukewarm result in the referendum would be disastrous for small and medium-sized firms, according to Jeremy Cook, chief economist of foreign exchange company World First. He said: ‘The only two numbers that matter are 55 and 60 – 55 is the minimum majority needed for a decisive outcome and 60 is the percentage turnout required for that majority to be bullet-proof. ...read
Handbags at dawn! Thatcher bagmaker rages: Grow up and get on with government
The boss of a firm that sold handbags to former Prime Minister Margaret Thatcher has said he ‘cannot think of a business issue that we face to which the answer is leaving the EU’. Former banker Daniel Chamier told The Mail on Sunday: ‘I am extremely concerned that our Government is going to spend the next five or ten years sorting out the mess that a Brexit would cause when we have far more pressing problems to deal with.’ ...read
June 2016
July 2015
DON'T MISS
- JEFF PRESTRIDGE Investors shouldn't have returns denuded by excessive fund fees
- JON REES Why were the experts so wrong about the impact of Brexit on the economy?
- 'My garage was full of old bike parts - now they're my money-spinner!' How to make a profit from decluttering your home
- TONY HETHERINGTON Bank's euro draft bungle cost £1,500 in just one month
- SUNDAY NEWSPAPER SHARE TIPS: Phoenix Group and AO World We round up the Sunday newspaper share tips. This week, Midas looks at Phoenix Group while The Sunday Times highlights AO World.
- Got a gift card for Christmas? Spend it now - or it will join the £300m black hole
- The Great Interior Design Challenge Exclusive interviews with the contestants who left the TV show this week (and what their future plans are)
- The families struggling on £70k Two thirds say they're 'just about managing', including above average earners
- Could the FTSE 100 hit 9000 this year? After seven days of records, experts are predicting a bumper 2017
- The most popular used cars revealed BMW 3 Series is in hottest demand as 2016's second-hand car sales are tipped to break records.
- What next for buy-to-let mortgages in 2017? Landlords with just one or two buy-to-lets are likely to see mortgage rates slashed.