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Top story: Interest rate rise will cost Brits £7.6bn

Increasing interest rates by 1% would cost UK individuals an extra £7.6bn in borrowing costs in the next year, according to research from Moore Stephens’ restructuring and Insolvency team. Read full story

RBS posts largest profits since bailout

The Royal Bank of Scotland (RBS) has today (25 July) announced in an interim statement it expects pre-tax profits of £2.65bn for H1 2014, the largest since its taxpayer bailout in 2008. Read full story

PayPal to launch SME funding

International e-commerce business PayPal will offer funding to UK small businesses later this year. Read full story

SME risk levels on the rise

UK businesses have experienced a 34% increase in levels of ‘significant financial distress’, according to the latest Begbies Traynor Red Flag Alert. Read full story

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