๐กย โYou miss 100% of the shots you donโt take.โ โย Wayne Gretzky
| Hello and welcome to Provide Finance weekly newsletter. This newsletter includes a round-up of fascinating articles to read at your leisure, the news that matters this week and the best of Provide Finance content. We want to inform, entertain and inspire you. ๐ฌ This Weeks Discussion: Why Failing Is An Important Part Of Success! Believe it or not, failure is a part of life. You get knocked down by life sometimes, but how you react is what matters. Do not limit yourself because of the fear of failure. World-renowned sprinter Usain Bolt has said, โI donโt think limits.โ I believe the fear of failure limits a lot of people who might have been successful if they had tried. After boxer Anthony Joshua lost to Oleksandr Usyk in a fight, he shared on social media, โIโve watched the fight, analysed my preparations & identified my mistakes,โ โIf you have never failed, you have never lived,โ the saying often goes. Iโve found that many people are afraid to fail or talk about their failures, but the truth is that everyone has failed, and everyone will fail again. What do you do when life knocks you down or when you fail momentarily in business or a project? You learn to become better. Donโt jump ship. Instead, improve your skills and develop yourself until you achieve your goals. Five Things To Do When You Encounter Failure 1. Always stay positive. 2. Appreciate the people around you. 3. Analyse the situation. 4. Identify your mistakes. 5. Strategise and try again. In every process of reaching a goal, you will encounter challenges. Sometimes, not all challenges lead to success, but when you accept failure as part of the process, you will be encouraged to never give up. Try again and again and again until you reach your goal. So, the next time you experience a setback, remember that falling is not a sign of weakness, but rather a sign of progress. Embrace the lessons you’ve learned and use them to propel yourself forward on your journey to success. With a progressive mindset, the possibilities are endless. |
| BIG NEWS! Over 70% of financial advice on social media is misleadingย Some 71 per cent of the financial advice young peopleย & businesses consume via social media is misleading. A study by Social Capital Markets analysed more than 2,470 stock-related videos across platforms like TikTok, Youtube and Instagram.It found 83 per cent of videos lacked disclaimers leaving viewers with a one-sided picture of financial decisions.ย While 70 per cent of videos actively promoted specific stock picks without offering adequate context or addressing risks. Content also implied that following their investment advice would guarantee wealth or returns, a highly misleading notion given the volatile nature of stock markets (57 per cent).ย Some 45 per cent of videos encouraged viewers to invest a specific proportion of income. Out of all the content analysed only 13 per cent of the creators had the relevant qualifications or credentials to speak about anything in financial matters, according to the study.ย Among the social media platforms analysed, TikTok emerged as being the most problematic, being described as the โwild west of financial adviceโ.ย |
| โจ What is New:ย Finance can be straight forward or a mind-blowing mess and very expensive!ย Given the complexities around the specialist lending market, particularly bridging and commercial cases, if you are unfamiliar with these products you should speak to us at Provide Finance who are specialists source and packager with over 200 lenders on our panel. This knowledge and expertise mean we are extremely well positioned to provide hands-on support throughout the entire advisory process.ย ย The complexity surrounding bridging and commercial loans, coupled with the broad range of options available, can be mind-boggling for those new to the market. By getting in touch and letting us do the hard work, YOU the customer can sit back and focus on the aspects of their business where they feel more comfortable.ย ย Provide Finance is not just a financial partner; we are a dedicated partner invested in the success of our customers relationships. With our experience, personalized approach, and proven track record, we stand ready to be the go-to choice for customers seeking a reliable and knowledgeable partner in the dynamic world of finance.ย Let us at Provide Financeย save you time and money!ย And get the funding your business needs! |
.jpeg?upscale=true&width=550&upscale=true&name=download%20(6).jpeg)
| ๐ฃ Industry Updates:ย Interest rates will fall to 2.75% – Goldman Sachs Analysts atย Goldman Sachsย predict that interest rates will fall to 2.75% from the current rate of 5% by the end of 2025. While financial market forecasts suggest that the Bank of England will cut rates to 3.5%, inflation has fallen at a faster rate than had been predicted, with the latest reading of 1.7% per year coming in below the Bankโs 2% target.ย Economists atย Deutsche Bankย have also predicted that rates will fall faster than the markets have forecast.ย The bank said theย base rate “remains restrictive” and that policymakers are likely to cut interest rates down to 3% by the early part of 2026. Evening Standard Daily Mail The Daily Telegraph The Guardian Businesses urge ministers to cut red tape Nearly a third of UK businesses are urging the Government to ease Brexit-related regulations to support international trade. A survey conducted byย Santanderย revealed that 74% of businesses are optimistic about growth over the next three years, with 36% expressing “very confident” sentiment, a significant increase from 22% last year. However, 31% of respondents highlighted the need for reduced post-Brexit regulatory requirements, particularly in customs procedures and licensing. They also emphasised the importance of mutual recognition of professional standards and qualifications across Europe. The Times Landlords flock to limited companies In 2024, a record 46,449 buy-to-let companies were established in England and Wales, marking a 23% increase from the previous year, according to analysis of Companies House data. The shift towards limited companies is largely driven by tax advantages, particularly for higher-rate taxpayers, allowing them to offset mortgage interest against rental income. Currently, 70% of new buy-to-let purchases are made through limited companies, with projections suggesting that by year-end, the total number of such companies will exceed 62,000.ย Daily Mail UK borrowing up in September Official figures show that Government borrowing โ the difference between spending and tax income โ reached ยฃ16.6bn last month, with this representing the third-highest September since records began in 1993. The Office for National Statistics (ONS) said the increase in spending was partly due to higher debt interest and public sector pay rises. Alex Kerr, UK economist atย Capital Economics, said that while Septemberโs โdisappointingโ public finances figures come too late to influence the amount of headroom the Office for Budget Responsibility will hand Rachel Reeves in the Budget, โthey do highlight the limited scope the Chancellor has to increase day-to-day spending without raising taxes.โ Cara Pacitti, senior economist at the Resolution Foundation, said the ONS data โhighlights the scale of the public finances challenges facing the Chancellor.โ BBC News Landlords face record stamp duty bills Buy-to-let investors are facing unprecedented challenges as Chancellor Rachel Reeves prepares to reverse stamp duty tax breaks introduced in 2022. This policy shift could result in landlords paying up to ยฃ14,776 in stamp duty on average home sales, marking the highest bill on record, according to new analysis. Experts warn that the stamp duty rises will mean that nine in 10 movers will be hit by a stamp duty bill next year, up from just over half currently. Adam Corlett, the principal economist at the Resolution Foundation, warned that the stamp duty rises across the market would likely trigger a 4% drop in transactions next year. The Daily Telegraph Budget borrowing could slow rate cuts Economists have warned that increased government spending is likely to force the Bank of England to slow the pace of interest rate cuts. Economists at Pantheon Macroeconomics said the โgrowth-depressing impactโ of higher taxes expected to be introduced in the Budget would likely be โroughly cancelled outโ by the boost to day-to-day spending. Rob Wood, chief UK economist atย Pantheon Macroeconomics, said higher investment will boost growth, commenting: โGovernment investment has a much bigger impact on GDP growth than tax hikes do.โ Paul Dales, chief UK economist atย Capital Economics, suggests that the direct boost to GDP from a rise in public investment โwould raise demand relative to supply,โ adding: โThat could mean inflation is a bit higher than otherwise and interest rates are cut more slowly.โ City AM Finance leaders demand more office timeAnalysis shows that over 75% of financial sector leaders intend to increase office attendance among employees in the next year. The survey, which included 150 industry executives, revealed that more than a third expect staff to be in the office at least four days a week. This push comes as many companies struggle to bring employees back post-pandemic, with only 10% of financial services staff expressing a desire to work in the office full-time. Despite concerns over regulatory pressures, 58% of respondents believe flexible working can enhance competitiveness. Reuters |
| ๐ Business Quote:โThere may be people that have more talent than you, but thereโs no excuse for anyone to work harder than you do.โ โย Derek Jeterย That’s a wrap! I’ll pop over another snippet next week with some more newsworthy information which I hope you find insightful. Before then, if you have any questions, I’d be glad to connect with you to see how we can help you or your clients source the right funding for their current or future plans. Thank you Chris |