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Yesterday’s budget, the fourth in 12 months, had little to get excited about, however there were a few announcements to affect both Proplend Lenders and Borrowers. Sweet news for savers and investors as the chancellor announced that the ISA allowance will be raised to £20,000 for 2017/18 tax year.
Last week there was some controversy when one of the larger platforms, in the interests of transparency, published the size of their Provision Fund and how they managed it. The platform in question cited a Provision Fund of £17m and interestingly it was not the size of the fund but
The latest in an annual series of reports from the University of Cambridge Judge Business School and Nesta, which track the size and development of online alternative finance, in the UK, has been released. In 2015 the UK online alternative finance sector grew 84%, facilitating £3.2 billion in investments,