David Brown Founder & CEO at Hi
2023 is likely to be another tough year for UK businesses. They face falling consumer confidence, rising inflation and extreme market volatility. Meanwhile, banks are tightening access to credit when businesses need it most. UK businesses need to look beyond traditional financing methods to access necessary finance and ensure their survival through...
13 January 2023 /payments Fintech
The UK economy is struggling amid a cost-of-living crisis with millions of households in economic hardship. The change of leadership with the appointment of Rish Sunak as prime minister has raised discussion on how the economy can be kickstarted. An area which has been highlighted is the UK’s low productivity levels. Nothing is more important to a ...
26 October 2022 /payments Innovation in Financial Services
According to a report from the Office for National Statistics, there were over 5,600 registered company insolvencies between April and June. This represents a 13% increase on the previous quarter and an 81% rise from Q2 2021. Weakening consumer demand and soaring costs, in addition to a volatile economic climate, are wreaking havoc for businesses....
19 October 2022 /payments /people
While I fully believe that employees should have flexible access to their own salary, I do question whether it’s morally right to charge them for the privilege. It is clear the cost-of-living crisis is prompting greater questioning of the standard model, leading to many employers to consider dropping the concept of a monthly paycheque. They are ado...
22 August 2022 /payments
Costs are surging, wages are inflating, and the economy is shrinking. Businesses now more than ever, require additional financial levers to get through this cost-of-living crisis. UK firms have been particularly hard-hit by the economic slump. Inflation is at a 40-year high, energy costs are soaring and there are ongoing supply chain issues affe...
21 July 2022 /payments
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