Wonga set to write off £220 million of customer debts

After revising their affordability checks the pay-day loan company have announced that 330,000 existing debtors will have their debts written off. This announcement comes after Wonga has been in talks with the Financial Conduct Authority (FCA). The new requirements should see more people being refused loans due to lack of financial suitability. Also because of new…

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An optimistic future for SMEs

The future looks bright for British SMEs, as a recent survey by Albion Ventures, revealed that two thirds of small and medium sized businesses are expecting growth over the next two years. 62% expect either a ‘dramatic’ or ‘moderate’ growth, up from last year’s 59% – demonstrating an infectious optimism among business-owners. And the good news…

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