What is the Credit Crunch?

The credit crunch is now a globally recognised term to describe an increase in the cost of borrowing, coupled with a reduction in availability of financial credit to businesses and individuals. It is happening at a time when global inflation is rising due to the rising cost of oil, raw materials and food...

Understanding Interest Rates

For many small business owners and individuals, interest rates can sometimes be confusing and difficult to calculate. There are various different measures of interest rates which use different measures of calculation from one another....