Most first-time business overdrafts rejected - Today's small business news roundup

  • By Josh Hall
  • 6 March 2012
Most first-time business overdrafts rejected - Today's small business news roundup

Retail sale concerns, overdraft rejections, and house price falls - here's your need-to-know business news roundup.

Like-for-like sales fell in February when compared with the same month a year previously.

According to the British Retail Consortium sales growth “remains illusory.” [BBC]

Most first-time small business overdraft applications were rejected last year according to official figures.

Meanwhile some 40 per cent of first-time loan applications were also turned down. [ThisIsMoney]

House prices fell by 0.5 per cent in February according to new figures.

The latest survey from the Halifax found that average prices have dropped by 1.9 per cent over the past year. [BBC]

Read more about: General business , Business finance