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The alternative finance market is expected to be worth £1.74 billion by the end of 2014, an increase of 161 per cent on 2013. As the industry grows, encouraging more consumers and businesses to try an alternative finance model, recent research by Nesta highlighted the need to improve levels of
Guide to P2P lending Infographic. Click here for the full picture.
The Bank of England’s MPC announced today that the UK Bank Interest Rate is to remain at an all-time low of 0.5%. This is the sixty eighth month in which the Monetary Committee has met and voted to keep the rate at 0.5%. The Bank of England cut interest rates