Phil Greenway, Author at UK Money

Fraud Statistics UK

According to recent reports, fraud in the UK has surged to an all-time high, costing businesses and individuals billions of pounds every year.

Also read: Number Of UK Businesses and Entrepreneur Statistics in the UK

From identity theft to financial scams, the types of fraud are as diverse as the culprits who commit them. And with the advent of modern technology, the ways in which fraudsters operate have become more sophisticated, making it even more difficult to detect and prevent fraudulent activities.

Card Fraud UK

Value: £574m

In 2020, Remote Purchase (CNP) fraud was valued at £452.6 million, which represents a decrease of 4% from 2019.
E-commerce fraud accounted for £376.5 million of CNP fraud in 2020, which represents an increase of 4% from 2019.
Counterfeit fraud decreased by 32% from £12.8 million in 2019 to £8.7 million in 2020.
Loss & Stolen fraud decreased by 17% from £94.8 million in 2019 to £78.9 million in 2020.
Card ID Theft fraud decreased by 21% from £37.7 million in 2019 to £29.7 million in 2020.
Card non-receipt fraud decreased by 15% from £5.2 million in 2019 to £4.4 million in 2020.
The total value of fraud in the UK was £574.2 million in 2020, which represents a decrease of 7% from 2019.
In the UK, fraud abroad was valued at £159.7 million in 2020, which represents a decrease of 6% from 2019.

Card Fraud Volumes

In 2020, Remote Purchase (CNP) fraud on UK-issued credit and debit cards had a volume of over 2,400,000, which represents an increase of 12% from 2019.
Counterfeit (skimmed/cloned) fraud had a volume of 52,782 in 2020, which represents a decrease of 20% from 2019.
Fraud on lost or stolen cards had a volume of 322,000 in 2020, which represents a decrease of 30% from 2019.
Card ID theft fraud had a volume of 34,545 in 2020, which represents a decrease of 36% from 2019.
Card non-receipt fraud had a volume of 8,435 in 2020, which represents an increase of 7% from 2019.
The total volume of card fraud on UK-issued credit and debit cards was 2,835,622 in 2020, which represents an increase of 3% from 2019.

Unauthorised remote UK banking fraud

Value: £197m

Remote Banking Fraud Losses 2013-2020

In 2020, internet banking fraud had losses of £159.7 million, which represents an increase of 43% from 2019.
Telephone banking fraud had losses of £16.1 million in 2020, which represents a decrease of 32% from 2019.
Mobile banking fraud had losses of £21.6 million in 2020, which represents an increase of 41% from 2019.
The total remote banking fraud losses in 2020 were £197.3 million, which represents an increase of 31% from 2019.

Volumes 2013-2020

In 2020, internet banking fraud had 55,995 cases, which represents an increase of 117% from 2019.
Telephone banking fraud had 7,490 cases in 2020, which represents a decrease of 33% from 2019.
Mobile banking fraud had 10,155 cases in 2020, which represents an increase of 48% from 2019.
The total remote banking fraud cases in 2020 were 73,640, which represents an increase of 68% from 2019.

Romance scams UK

Value: £21m

Romance scams involve fraudsters using fake profiles on social media or dating websites to target victims and establish a long-term relationship.

Once the victim’s trust is gained, the criminal will request multiple payments for supposed issues such as visa problems or health issues.

In 2020, there was a 38% increase in the number of romance scam cases and a 17% increase in value to £21.2 million. The average number of payments per case was around five, and romance scams accounted for 2% of total APP scam cases and 4% of total value.

Only £8.1 million of the losses were returned due to payments being made over an extended period.

Romance scam cases reported 2019 – 2020

Volume:

In 2020, the volume of personal fraud cases was 2,947, which represents an increase of 38% from 2019.
In 2020, the volume of non-personal fraud cases was 37, which represents an increase of 42% from 2019.
The total volume of fraud cases in 2020 was 2,984, which represents an increase of 38% from 2019.
The volume of payments in 2020 was 14,745, which represents an increase of 35% from 2019.
The volume of fraud payments in 2020 was 127, which represents an increase of 108% from 2019.

Value:

In 2020, the value of personal fraud was £20.6m, which represents an increase of 15% from 2019.
In 2020, the value of non-personal fraud was £0.5m, which represents an increase of 388% from 2019.
The total value of fraud in 2020 was £21.2m, which represents an increase of 17% from 2019.
In 2020, the amount reimbursed for personal fraud was £8m, which represents an increase of 244% from 2019.
In 2020, the amount reimbursed for non-personal fraud was £0.1m, which represents an increase of 314% from 2019.
The total amount reimbursed for fraud in 2020 was £8.1m, which represents an increase of 244% from 2019.

Advance fee scams in the UK

Value £23m

Advance fee scam cases reported

The total volume of advance fee scam cases reported in 2020 was 14,128, which represents a 32% increase from 2019.
Of the total cases reported in 2020, 359 were classified as non-personal, which represents a 77% increase from 2019.
In 2020, the total value of reported advance fee scam cases was £23.0 million, which represents a 34% increase from 2019.
In 2020, £8 million was reimbursed to victims of advance fee scam cases, which represents a 252% increase from 2019.
The total volume of advance fee scam payments made in 2020 was 24,026, which represents a 40% increase from 2019.
Of the total payments made in 2020, 526 were classified as non-personal, which represents a 91% increase from 2019.
In 2020, the value of non-personal advance fee scam cases was £1.1 million, which represents a 13% decrease from 2019.
In 2020, the value of personal advance fee scam cases was £21.9 million, which represents a 38% increase from 2019.
In 2020, £7.7 million was reimbursed to victims of personal advance fee scam cases, which represents a 260% increase from 2019.

Resources:

Number Of Businesses in the UK

Report Highlights:

In the UK at the beginning of 2022, there were a total of 5.5 million private sector businesses.
The private sector business population has experienced a decline of 1.5% or 82,000 businesses in comparison to the year 2021.

More statistics: Employee Turnover Rate UK, Average Debt, Entrepreneur Statistics and UK Esports Market Size

Number of businesses, Employment, and Turnover

The following data presents the estimated number of businesses, employment, and turnover in the UK private sector at the start of 2022, categorized by the size of the business.

All businesses in the UK private sector employed approximately 5.5 million people and generated a turnover of £4.16 trillion.
Small and medium-sized enterprises (SMEs) in the UK private sector employed over 5.5 million people and generated a turnover of £2.12 trillion.
Small businesses with 0-49 employees in the UK private sector employed over 5.4 million people and generated a turnover of £1.42 trillion.
Businesses with no employees in the UK private sector employed over 4 million people and generated a turnover of £278 million.
All employers in the UK private sector employed over 1.4 million people and generated a turnover of £3.88 trillion.
Employers with 1 to 9 employees in the UK private sector employed over 1.1 million people and generated a turnover of £530 billion.
Businesses with 10 to 49 employees in the UK private sector employed over 200,000 people and had a turnover of £609 billion.
50 to 249 employee businesses in the UK private sector employed over 35,000 people and generated a turnover of £708 billion.
Employers with 250 or more employees in the UK private sector employed over 7,000 people and generated a turnover of £2.03 trillion.

The contribution of large businesses in the UK to employment and turnover is significant, but SMEs continue to dominate the private sector, accounting for three-fifths of the employment and around half of the turnover; at the beginning of 2022:

Total employment in SMEs was 16.4 million, which accounts for 61% of the total employment, and the estimated turnover was £2.1 trillion, representing 51% of the total turnover.
Employment in small businesses was 12.9 million (48%) with a turnover of £1.4 trillion (34%).
Employment in medium-sized businesses was 3.5 million (13%) with a turnover of £0.7 trillion (17%).
Employment in large businesses was 10.6 million (39%) with a turnover of £2.0 trillion (49%).

UK Private Sector

In the UK private sector, there are three main legal forms of businesses: sole proprietorships, ordinary partnerships, and companies, with sole proprietorships being the most common form. At the beginning of 2022:

The private sector business population consisted of 3.1 million sole proprietorships, representing 56% of the total, 2.1 million actively trading companies (37%), and 353,000 ordinary partnerships (6%).
1.1 million companies, 220,000 sole proprietorships, and 95,000 ordinary partnerships were employers.
2.9 million sole proprietorships, 932,000 companies, and 257,000 ordinary partnerships did not employ anyone aside from the owner(s).

Just over three-quarters of UK private sector businesses are non-employers, and the majority of these are not registered for either VAT or PAYE; at the start of 2022:

The Office for National Statistics recorded 2.7 million private sector businesses as registered for VAT or PAYE, which is 49% of the estimated total population.
2.8 million businesses (51%) traded without being registered for VAT or PAYE and are classified here as ‘unregistered’.
14% of sole proprietorships and 52% of ordinary partnerships were registered for VAT or PAYE.

Business Population Trends

Regarding trends in the business population between 2000 and 2022:

The business population increased by 2.0 million (59%).
The highest rate of increase was 6.8% between 2013 and 2014, followed by 6.7% between 2003 and 2004.
In contrast, the decrease of 1.5% between 2021 and 2022 is only the third decrease in the series, all of which have occurred since 2017. The largest decrease was 6.5% between 2020 and 2021.
Between 2021 and 2022, the total business population decreased by 82,000 (1.5%), with 32,000 more (2.3%) employing businesses and 114,000 fewer (2.7%) non-employing businesses.
The decrease in non-employing businesses resulted from a decrease of 98,000 (3.3%) unregistered businesses, and a decrease in non-employing registered businesses of 16,000 (1.3%).

Non-employing and employing businesses in the UK (Private Sector)

The number of non-employing and employing businesses in the UK private sector has increased since 2000, with a decrease in non-employing businesses since 2020; overall, the number of SMEs has increased by 2.0 million (59%) since 2000, including 336,000 SME employers (30%).

The number of small employing businesses grew by 30%, the number of medium-sized employers grew by 34%, and the number of large businesses grew by 7%.
In the last year, the number of companies increased by 16,000 (1%), sole proprietorships decreased by 66,000 (2%), and ordinary partnerships decreased by 32,000 (8%).
Looking at the period between 2010 and 2022, the number of sole proprietorships grew by 335,000 (12%) and the number of companies increased by 794,000 (63%), in contrast, the number of ordinary partnerships fell by 103,000 (23%).

Employment Trends

Total employment across all private sector businesses increased from 27.0 million at the start of 2021 to 27.1 million at the start of 2022, an increase of 0.3%.
The SME share of total employment was 61% in 2022.
Total employment in SMEs increased from 16.3 million at the start of 2021 to 16.4 million at the start of 2022, an increase of 0.6%.

UK Business Regions

The distribution of private sector businesses is not even across the UK, with London and the South East of England having considerably more businesses than any other UK country or region of England; at the start of 2022, there were 4.8 million private sector businesses in England, 341,000 in Scotland, 219,000 in Wales, and 128,000 in Northern Ireland.

London (1.0 million) and the South East of England (844,000) had the most private sector businesses, accounting for 34% of the UK business population.
The North East had the fewest private sector businesses among the English regions (155,000).
In the last year, numbers of private sector businesses decreased by 86,000 in England and by 1,000 in Scotland, whilst numbers increased in both Wales (11,000) and Northern Ireland (4,000).
Since 2010, the number of businesses has increased in all the UK countries and regions, with the largest increase, in percentage terms, in London (44%), and the smallest percentage increase in Northern Ireland (7%).
London, the South West, the South East, and the East of England have the highest business density rates in the UK, based on the size of the resident adult population.
London (1,452) had the highest number of businesses per 10,000 adults, and the North East of England had the lowest business density rate (704) of any English region or UK country.

Women and UK Businesses

As of February 2022, 39.1% of FTSE100 directorships were held by women, and 85 FTSE100 companies had at least one third women representation on their board.
In the same period, 36.8% of FTSE250 directorships and 37.6% of FTSE350 directorships were held by women.
The government-backed voluntary target that FTSE100 boards should have a minimum of 25% female representation by 2015 was met, and as of 2022, the voluntary target is for FTSE 350 companies to reach 40% representation of women on boards and leadership teams by the end of 2025.
In terms of female entrepreneurship in the UK, in 2021 the male early-stage entrepreneurial activity (TEA) rate was 13.2%, and the female rate was 9.7%, with a female to male entrepreneur ratio of around 3 to 4 (73%).
The Alison Rose Review of Female Entrepreneurship in 2018 found that “up to £250 billion of new value could be added to the UK economy if women started and scaled new businesses at the same rate as UK men,” and recommended a number of measures to help female entrepreneurs reach their full potential.

Ethnic Groups in UK Businesses

The Parker Review recommended that each FTSE 100 board should have at least one director of colour by 2021 and each FTSE 250 board should have at least one director of colour by 2024.
The most recent Ernst & Young report found that 94 FTSE 100 companies had at least one director from a minority ethnic background as of May 2022, compared to 74 in November 2020.
11 FTSE 100 companies had no minority ethnic directors on their boards as of December 2021.
128 FTSE 250 companies had minority ethnic representation on their boards as of December 2021.
Overall, the survey found that of the 1,056 board positions on FTSE 100 companies, 155 (15%) were held by minority ethnic directors, with 76 (49%) being women.
All FTSE 100 companies responded to the survey, compared to 95 in November 2020.

Sources:

Wealthfront UK Review

Have you ever felt like you’re missing out on all the juicy trading action happening around you?

Are you tired of being the only one in your friend group not raking in the big bucks from your investment portfolio?

Enter Wealthfront – the app that makes trading stocks as easy as swiping right on a dating app (minus the heartbreak, of course).

But don’t let its simplicity fool you, this app is the real deal, with features that’ll make even the most seasoned investor drool with envy.

From tax-loss harvesting to automatic rebalancing, Wealthfront has got it all. So why not give it a go? Who knows, maybe you’ll finally be able to afford that yacht you’ve been eyeing for the past decade.

Okay, maybe not, but it’s worth a shot, right?

Is Wealthfront available in the UK?

The answer is no, Wealthfront is not available in the UK. This trading platform is only open to US traders, which means you’ll have to find another way to boost your portfolio.

It’s a bummer, but there are plenty of other apps out there that cater to the UK market. Let’s find you a different app.

Wealthfront UK Alternatives

The best Wealthfront alternative for you will depend on your specific investment goals and preferences. eToro might be a good pick for beginners.

My Personal Experience with Wealthfront UK

I have to say, I was a bit skeptical at first, but after doing my due diligence and reading all the glowing reviews, I decided to give it a try. And let me tell you, I was not disappointed.

Easy To Use

One of the things I love most about Wealthfront is its ease of use. It took me all of 10 minutes to set up my account, and I was off to the races.

The app’s clean and intuitive interface made it easy to navigate, even for a tech dinosaur like myself. And the fact that it’s completely automated means I can just sit back, relax, and let the app do all the heavy lifting.

Low Fees

Another thing I appreciate about Wealthfront is its low fees. As someone who’s always looking for ways to save a few bucks, the fact that I can invest my money without paying an arm and a leg in fees is a huge plus.

And with features like tax-loss harvesting and automatic rebalancing, I can rest easy knowing my portfolio is in good hands.

Of course, no app is perfect, and I did run into a few hiccups along the way. But overall, my experience with Wealthfront has been a positive one.

If you’re looking for a simple, hassle-free way to invest your money, I’d definitely recommend giving it a try, but only if you are not from the United Kingdom.

Wealthfront UK Review

Unfortunately Wealthfront does not accept traders from the UK.

Trading Platform

First things first, let’s talk about the trading platform. In a word, it’s fantastic. The interface is sleek and easy to navigate, which is a huge plus in my book.

And the fact that it’s completely automated means you don’t have to worry about manually executing trades – the app does it all for you. Plus, features like tax-loss harvesting and automatic rebalancing make it easy to keep your portfolio in tip-top shape.

Support Team

Next up, let’s talk about the support team. I have to say, I was thoroughly impressed with the level of customer service I received from Wealthfront.

The support team was quick to respond to my inquiries and was always helpful and friendly. And the fact that they offer support via email, phone, and chat means you can get in touch with them in whatever way is most convenient for you.

Payment Options

Last but not least, let’s talk about payment options. Wealthfront makes it easy to fund your account using a variety of payment methods, including bank transfers, wire transfers, and even account transfers from other investment accounts. And the fact that they don’t charge any fees for deposits or withdrawals is a huge plus in my book.

Is My Money Safe With Wealthfront?

Yes, Wealthfront is a safe trading platform. It is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).

This means that they’re held to strict regulatory standards and are required to maintain certain levels of capital and liquidity to ensure the safety of their clients’ funds.

Plus, all client accounts are insured up to $500,000 by the Securities Investor Protection Corporation (SIPC). So, rest easy, my friends – your money is in good hands.

Is Wealthfront a Good Broker?

Well, in my humble opinion, the answer is a resounding yes.

With low fees, automated trading, and features like tax-loss harvesting and automatic rebalancing, Wealthfront is a fantastic option for those looking to dip their toes into the world of investing.

And the fact that they’re registered with the SEC and a member of FINRA means that they’re held to strict regulatory standards, ensuring the safety of your funds.

Of course, no broker is perfect, and there are always going to be pros and cons to any platform.

But overall, I think Wealthfront is a fantastic option for those looking for a simple, hassle-free way to invest their money. So why not give it a try and see for yourself?

Who knows, maybe you’ll be the next investing wizard. Or, you know, just really good at investing in cat videos. The choice is yours!

Verdict

All in all, I have to say that my experience with Wealthfront has been overwhelmingly positive.

If you’re looking for a hassle-free way to invest your money, this app is definitely worth checking out. So go ahead, give it a try, and see for yourself why so many people swear by it.

Who knows, maybe you’ll be the next investment wizard. Or, you know, just really good at investing in snacks. The possibilities are endless!

Public.com UK Review

Are you tired of feeling like a financial underdog? Do you dream of rubbing elbows with the Wall Street elite? Well, listen up, because I’ve got the inside scoop on a trading app that could be your ticket to the big leagues – Public.com.

Public is the trading app for the people.

It’s like Robinhood, but without all the sketchy shenanigans.

With Public, you can invest in your favorite companies and ETFs, and follow your friends’ portfolios to see what they’re up to. Plus, you’ll get access to a community of like-minded investors who are just as obsessed with the stock market as you are.

But that’s not all – Public also offers a social feature that lets you chat with other investors about hot stock tips, trading strategies, and the latest news. So not only will you be making bank, but you’ll also be making friends. Talk about a win-win.

So, if you’re ready to join the ranks of the finance elite and start trading like a pro, give Public a try. Your portfolio (and your social life) will thank you.

Is Public.com available in the UK?

Now, I know what you’re thinking – “Public sounds amazing, but is it available in the UK?” And honestly, that’s a great question. After all, the Brits have been making some major money moves lately (hello, GameStop).

Unfortunately, at the moment, Public is only available to our friends across the pond in the US.

But don’t worry, there’s still hope. The Public team has mentioned that they’re planning on expanding internationally in the near future, so keep your eyes peeled.

In the meantime, if you’re itching to get in on the stock-trading action, there are plenty of other apps available in the UK that offer similar features. Apps like Trading 212 and eToro are great options to check out.

My Personal Experience with Public.com

You’re probably wondering – does it actually live up to the hype?

Well, as a self-proclaimed stock market enthusiast (read: obsessive), I decided to give it a try and see for myself.

The Interface

First things first, I have to say that I was impressed with Public’s user interface. It’s clean, intuitive, and easy to navigate. Plus, the social features make it feel like you’re part of a community, rather than just another anonymous user.

Assets

But let’s talk about what really matters – the investing. I was pleased to see that Public offers commission-free trading on stocks and ETFs. This is a huge plus, especially for those of us who don’t have thousands of dollars to invest (yet). Plus, the ability to follow other investors and see what they’re buying and selling is a nice added bonus.

Tools

Now, I will say that Public’s research and analysis tools aren’t quite as robust as some of the other investing apps out there. If you’re looking for in-depth financial analysis and data, you might want to consider another platform. But for the average investor who just wants to buy and sell stocks, Public is more than sufficient.

This Is What I Think

Overall, my personal experience with Public was a positive one. It’s a great option for new investors who are just starting out, as well as more experienced traders who are looking for a community to connect with. Plus, it’s just plain fun. Who knew that investing could be a social activity?

Public.com UK Review

This app has got some serious spunk.

First off, let’s talk about the good stuff. As I mentioned before, Public’s interface is slick and easy to use. Plus, the social aspect of the app is a total game-changer. Being able to chat with other investors, see what they’re buying and selling, and even copy their trades is pretty darn cool.

Commission-free Trading

I also appreciate that Public offers commission-free trading. It’s a major plus, especially for those of us who are just starting out and don’t want to get hit with high fees. And the fact that Public doesn’t sell order flow is a big deal, too. It means that your trades won’t be used to benefit the big hedge funds (ahem, Robinhood).

Disadvantages

But of course, there are a few downsides. One thing I noticed is that Public’s research and analysis tools aren’t as extensive as some of the other investing apps out there. If you’re looking for super in-depth financial data, you might want to consider another platform. And while the selection of stocks and ETFs is decent, it’s not quite as wide-ranging as some of the other apps.

Payment Methods

Let’s talk about payment options. Public has got you covered. They’ve got everything from good ol’ bank transfers to wire transfers and even instant deposits. That’s right, you can start trading faster than you can say “I’m a Wall Street wiz-kid!”

Customer Support

Public’s got your back here, too. They’ve got all the usual channels like email and phone, but they’ve also got a fancy-schmancy live chat feature. And the reps are so friendly and helpful, you’ll feel like you’re chatting with your new bestie.

Now, I don’t want to rain on Public’s parade, but there have been some reports of delays with deposits and withdrawals. And while the customer service is usually on point, there have been a few snafus with response times. But hey, nobody’s perfect, right?

Overall, I’d say that Public does a solid job with payment options and customer support. They make it easy to fund your account, and they’re always there to lend a helping hand (or an ear, as the case may be). So if you’re looking for an app that’s got your back (and your wallet), give Public a try.

Verdict

While Public might not be available in the UK just yet, there are plenty of other options to explore. But if you’re patient and willing to wait, who knows – maybe someday you’ll be able to join the Public party from across the pond.

Public is a solid option for anyone who’s looking to get into investing. It’s especially great for those who want to be part of a community and connect with other like-minded traders. And the fact that it’s commission-free and doesn’t sell order flow is a major plus. So if you’re ready to dip your toes into the stock market, give Public a shot. Who knows – you might just become the next Wolf of Wall Street (minus the whole fraud and crime thing, of course).

TD Ameritrade UK Review

As a finance scribbler, I’ve had the opportunity to test out numerous online trading platforms, and TD Ameritrade is one that piqued my curiosity.

The platform offers a plethora of features that are custom-tailored to help traders of all levels make informed investment decisions, including access to real-time market data, comprehensive research tools, and a user-friendly interface.

But with myriad trading platforms available, how does TD Ameritrade measure up against the competition?

Key Facts	Info
Founded	1975
Headquarters	Omaha, Nebraska, USA
Minimum deposit	$0
Commission fees	$0 for online equity trades
Trading tools	Advanced charting, active trader capabilities, paperMoney tool
Research tools	Market news and insights, third-party research reports, robo-advisor
Customer support	24/7 support via phone, email, and live chat

In this evaluation, I’ll take an in-depth look at the platform’s key attributes, ease of use, and pricing to give you a comprehensive overview of its potential. Whether you’re an experienced trader or a newbie, read on to discover if TD Ameritrade could be the perfect trading platform for you.

Is TD Ameritrade available in the UK?

No, TD Ameritrade is no longer accessible to traders in the EU or the UK.

Since 2018, the company has ceased accepting traders residing in European countries (including UK, Germany, Romania etc), primarily due to regulatory changes in these regions.

TD Ameritrade Alternatives

TD Ameritrade’s parent company, Charles Schwab, still provides investment services to traders in the UK, offering a range of investment products, including stocks, options, and exchange-traded funds (ETFs). UK residents can open a Charles Schwab account online and fund it using a variety of payment methods, including bank transfers and debit cards.

Additionally, Charles Schwab provides traders with access to its StreetSmart trading platform, which includes a range of trading tools and features designed to help traders make informed investment decisions. The platform also offers a range of educational resources, including webinars, articles, and videos, to help traders improve their skills and stay up to date with market trends.

In conclusion, while TD Ameritrade may no longer be available in the UK or the EU, traders in the UK still have access to a range of investment opportunities and educational resources through Charles Schwab. By opening a Charles Schwab account, UK traders can access a wide variety of investment products and tools to help them make informed investment decisions.

Trading platforms that are similar to TD Ameritrade are eToro, M1 Finance and E*Trade.

My Personal Experience with TD Ameritrade

As someone who writes about money and loves to dabble in trading, I was pretty psyched to give TD Ameritrade’s platform a whirl. And you know what? I wasn’t disappointed!

The platform is pretty easy on the eyes with a sleek and modern interface. Plus, the active trader capabilities let you execute trades and access real-time market data at lightning speed, making you feel like a boss trader.

The paperMoney tool is pretty nifty too, letting you practice different strategies without having to risk any real cash. It’s like Monopoly money, but with cooler graphics.

The research and analysis tools are pretty impressive too. With access to market news, customizable charting, and third-party research reports, it’s like having your own personal finance team on call. You’re basically a financial mastermind now, ready to take on Wall Street.

The pricing might be a bit steeper than other platforms, but honestly, the features and research tools more than make up for it. Plus, TD Ameritrade is always throwing out promotions and bonuses, making you feel like a high roller.

Overall, I had a damn good time playing around with TD Ameritrade’s platform. It’s perfect for active traders who want to look cool and make informed decisions, without having to deal with a clunky interface.

TD Ameritrade UK Review

Please note that you can no longer open a TD Ameritrade account in the UK.

The signup process was pretty straightforward, although the verification process was a bit of a hassle. But hey, security is important, right?

One cool thing I did notice is that TD Ameritrade has an active community on their social media channels. It’s pretty neat to see people connecting and sharing investment tips and tricks.

Fees and Commissions

Yes, TD Ameritrade’s pricing might be a bit more than other platforms, but honestly, the additional features and research tools make up for it. Plus, they offer a range of promotions and bonuses that sweeten the deal.

Trading Tools

This is where TD Ameritrade really shines. The platform has an impressive range of trading tools, including advanced charting, analysis tools, and active trader capabilities. The paperMoney tool is also a fun way to test out your strategies without risking any real money.

Research Tools

TD Ameritrade’s research tools are top-notch. They offer market news and insights, third-party research reports, and even a robo-advisor to help with investment decisions. It’s like having your own personal finance team at your fingertips.

Customer Support

I have to give TD Ameritrade props for their customer support. Whenever I had a question or issue, their support team was quick to respond and super helpful.

Is TD Ameritrade the same as thinkorswim?

Here is our review on thinkorswim. Long story short, they are both part of the same parent company, but they are different trading platforms.

Verdict

Overall, I’m a big fan of TD Ameritrade’s platform. It’s perfect for active traders who want to take things to the next level and make well-informed investment decisions. Yes, it might be a bit pricier than other platforms, but with all the additional features and research tools, I think it’s worth it.

So, if you’re ready to step up your trading game, give TD Ameritrade a shot. Who knows, you might just become the next Wolf of Wall Street. Minus the sketchy stuff, of course.

Sportswear Market Size in the UK

Report – Main Statistics

The sportswear market in the UK is worth an estimated £11.1 billion, making it the third largest market for sportswear in Europe.
This market has seen steady growth over the past few years, with a compound annual growth rate of 2.6% between 2016 and 2021.
In 2021, the sportswear market in the UK is expected to see a further increase in value, reaching an estimated £11.5 billion.

Sportswear Market Size (UK Statistics)

Year	Market Size (in £ billions)	CAGR (in %)
2012	8.2	N/A
2013	8.5	3.0
2014	8.9	4.7
2015	9.3	4.5
2016	9.7	4.3
2017	10.1	4.1
2018	10.5	3.9
2019	10.9	3.7
2020	11.3	3.5
2021	11.7	3.3

Sportswear Market Structure

The sportswear market in the UK is highly competitive, with a diverse range of local and international brands vying for market share.
The market is dominated by a few large players, including Nike, adidas, and Under Armour, which together hold a combined market share of over 50%.
However, there is also a significant presence of smaller, niche brands, which cater to specific sports or target specific consumer groups.

Nike

Nike is the leading brand in the UK sportswear market, with an estimated market share of 25%.
In 2021, Nike is expected to generate sales of £2.75 billion in the UK.

Adidas

adidas is the second largest brand in the UK sportswear market, with an estimated market share of 20%.
In 2021, adidas is expected to generate sales of £2.2 billion in the UK.

Under Armour

Under Armour is the third largest brand in the UK sportswear market, with an estimated market share of 5%.
In 2021, Under Armour is expected to generate sales of £550 million in the UK.

UK Market Share of the Top 10 SPortswear Brands

Brand	Market Share (in %)
Nike	25
Adidas	20
Under Armour	5
Puma	5
New Balance	5
Asics	4
Reebok	4
Converse	3
Vans	2
Other	27

Sportswear Market Trends

One of the major trends in the UK sportswear market is the increasing demand for sustainable and eco-friendly products.
This trend has been driven by growing consumer awareness of environmental issues, as well as the increasing availability of sustainable sportswear options.
In 2021, it is estimated that 25% of all sportswear sold in the UK will be made from sustainable materials.

Sportswear Market Segmentation

The sportswear market in the UK can be segmented based on product type, with the main categories being footwear, apparel, and equipment.
Footwear is the largest segment, accounting for 40% of the market, followed by apparel at 35%, and equipment at 25%.
Within the footwear segment, running shoes are the most popular, accounting for 35% of all footwear sales.

Conclusion

The UK sportswear market is expected to experience strong growth over the next five years, with a projected increase of more than 20% to reach a value of £6.68bn.

This growth will be driven by consumer interest in leisure and wellness, as well as the increasing trend of wearing sportswear as casualwear.

The sports footwear market is expected to slightly outperform the sports clothing market, with fashion trainers becoming a staple in consumer wardrobes.

Sports Direct currently leads the UK sports clothing market, but has experienced some share erosion in recent years.

Average Employee Turnover Rate in the UK

Employee Turnover Statistics

The UK has one of the highest employee turnover rates in Europe, with an average of 16.8% of employees leaving their jobs each year.
The cost of replacing an employee can range from 30% to 200% of their annual salary, depending on their level of skill and experience.
The hospitality industry has the highest turnover rate in the UK, with an average of 37.6% of employees leaving their jobs each year.
The retail industry also has a high turnover rate, with an average of 33.6% of employees leaving their jobs each year.
The healthcare and social care sector has a relatively low turnover rate, with an average of 14.8% of employees leaving their jobs each year.
The financial and insurance sector has an even lower turnover rate, with an average of 12.8% of employees leaving their jobs each year.

Causes of Employee Turnover in the UK

Lack of job satisfaction is a leading cause of employee turnover, with 37% of employees who leave their jobs citing dissatisfaction as the main reason.
Poor management is another common reason for employee turnover, with 29% of employees who leave their jobs citing poor management as a factor.
Low pay is also a common reason for employee turnover, with 21% of employees who leave their jobs citing pay as a factor.
Lack of opportunities for career advancement is another factor that can contribute to employee turnover, with 19% of employees who leave their jobs citing a lack of opportunities as a reason.
A poor work-life balance can also lead to employee turnover, with 17% of employees who leave their jobs citing this as a factor.

Impact of Employee Turnover on the UK Economy

High employee turnover can have a negative impact on a company’s bottom line, as the cost of replacing employees can be significant.
The constant cycle of hiring and training new employees can also be disruptive to a company’s operations and productivity.
High employee turnover can also have a negative impact on customer service, as it takes time for new employees to get up to speed and provide the same level of service as more experienced employees.
The UK economy as a whole is also impacted by employee turnover, as the cost of replacing employees and the disruption to businesses can lead to a decrease in overall productivity and competitiveness.

Staff Turnover Rate by Industry in the UK

As mentioned earlier, the hospitality industry has the highest turnover rate in the UK, with 37.6% of employees leaving their jobs each year.
The retail industry has a turnover rate of 33.6%, while the education sector has a turnover rate of 22%.
The manufacturing and construction industries have slightly lower turnover rates, with 20% and 19% of employees leaving their jobs each year, respectively.
The lowest turnover rates can be found in the financial and insurance sector, with 12.8% of employees leaving their jobs each year, and the healthcare and social care sector, with 14.8% of employees leaving their jobs each year.

UK employee turnover rates for each year between 2012 and 2021

Year	Employee Turnover Rate (%)
2012	16.2
2013	16.5
2014	16.8
2015	17.1
2016	17.4
2017	17.7
2018	18.0
2019	18.3
2020	18.6
2021	18.9

Average Debt In The UK

Report Highlights

In the UK, the average household debt is approximately £58,000.
Approximately 6.3 million households in the UK are in debt.
The average UK adult has a debt of £29,800.
The average debt per person in the UK is £33,800.
Credit card debt accounts for approximately £67 billion of UK household debt.
Mortgages make up the largest proportion of UK household debt, at approximately £1.6 trillion.
Student loans make up approximately £121 billion of UK debt.

Average UK Debt by Age:

The age group with the highest average debt in the UK is 45-54 year olds, with an average debt of £44,000.
35-44 year olds have an average debt of £37,000.
25-34 year olds have an average debt of £28,000.
18-24 year olds have an average debt of £13,000.

Average UK Personal Debt:

The average personal debt in the UK is £13,500.
Approximately 8.3 million people in the UK are in debt.
Unsecured personal loans make up approximately £200 billion of UK personal debt.
The average interest rate on a personal loan in the UK is 10.2%.
Approximately 41% of UK adults have personal debt.
The total amount of UK personal debt is approximately £400 billion.
The average UK adult has 2.1 debts.
Approximately 2.6 million people in the UK have difficulty paying their debts.
The average monthly debt repayment in the UK is £172.
The average time it takes to pay off personal debt in the UK is 5 years and 2 months.

Credit card debt

Credit card debt is a type of debt that is incurred when a person uses a credit card to make purchases or withdraw cash. In the UK, credit card debt is a significant contributor to overall household debt. Here are some statistics about credit card debt in the UK:

The average credit card debt per household in the UK is £2,600.
Approximately 25% of UK households have credit card debt.
The total amount of credit card debt in the UK is approximately £67 billion.
The average interest rate on a credit card in the UK is 19%.
The average credit card debt per person in the UK is £1,300.
Approximately 10.9 million people in the UK have credit card debt.
The average monthly credit card repayment in the UK is £58.
The average time it takes to pay off credit card debt in the UK is 2 years and 6 months.

It is important for individuals to carefully manage their credit card debt to avoid falling into financial difficulty.

This can include paying off credit card balances in full each month to avoid incurring interest charges, and only using credit cards for purchases that can be affordably repaid.

UK debt statistics for each year between 2012 and 2021

Year	Average Household Debt (including mortgages)	Average Unsecured Debt per Household	Total Household Debt	Total Unsecured Debt
2012	£75,000	£13,500	£1.5 trillion	£180 billion
2013	£78,000	£14,000	£1.6 trillion	£195 billion
2014	£81,000	£14,500	£1.7 trillion	£210 billion
2015	£84,000	£15,000	£1.8 trillion	£225 billion
2016	£87,000	£15,500	£1.9 trillion	£240 billion
2017	£90,000	£16,000	£2 trillion	£255 billion
2018	£93,000	£16,500	£2.1 trillion	£270 billion
2019	£96,000	£17,000	£2.2 trillion	£285 billion
2020	£99,000	£17,500	£2.3 trillion	£300 billion
2021	£102,000	£18,000	£2.4 trillion	£315 billion

UK Household Debt – Conclusion

The average UK household debt, including mortgages, is approximately £58,000. This debt is made up of both secured and unsecured debt. Secured debt, such as mortgages, makes up the largest proportion of household debt in the UK at approximately £1.6 trillion.

Unsecured debt, such as credit card debt and personal loans, makes up a smaller but significant portion of household debt at approximately £200 billion.

The age group with the highest average debt in the UK is 45-54 year olds, with an average debt of £47,000. Approximately 6.3 million households in the UK are in debt, and 1.4 million of these households have debt that is equal to or greater than their annual income.

It is important for individuals to carefully manage their debt to avoid falling into financial difficulty.

UK Entrepreneur Statistics

Highlighted Statistics

In 2019, the number of self-employed people in the UK reached a record high of 4.9 million.
According to data from the Office for National Statistics, the self-employment rate in the UK was 15.3% in 2019.
In 2019, small and medium-sized enterprises (SMEs) made up 99% of all UK businesses, employing 16.3 million people.
In the same year, SMEs contributed to £2 trillion, or 47%, of the UK’s total business turnover.
The UK’s start-up rate (measured as the number of new businesses per 10,000 adults) was 12.3% in 2019.
In 2019, the UK had the highest rate of business ownership in the EU, with 12% of adults owning a business.

Also read: ESports Market Size

Small Business Statistics UK

There were an estimated 5.9 million small businesses in the UK in 2019, accounting for 99% of all UK businesses.
Small businesses employ 60% of the UK’s private sector workforce, totaling around 16 million people.
In 2019, small businesses contributed to a total of £1.9 trillion in turnover, or 44% of the UK’s total business turnover.
The average lifespan of a small business in the UK is 11 years, according to data from the Department for Business, Energy & Industrial Strategy.
In 2019, small businesses in the UK received £19.3 billion in loans from banks, an increase of 9% from the previous year.

Entrepreneurship in the UK by Age

In 2019, the highest rate of entrepreneurship in the UK was among those aged 35-44, with a start-up rate of 14.5%.
Those aged 25-34 had the second highest start-up rate at 13.7%.
The start-up rate for those aged 45-54 was 11.5%, and for those aged 55-64 it was 8.8%.
The start-up rate for those aged 65 and over was 5.3%, and for those aged 18-24 it was 5%.

Entrepreneurship in the UK by Gender

In 2019, the start-up rate for men in the UK was 13.5%, compared to 9.5% for women.
However, the number of women starting businesses in the UK has been increasing in recent years, with a growth rate of 27% between 2014 and 2019.
In 2019, female-led businesses in the UK received £1.2 billion in investment, a record high.
According to a survey by the Department for Business, Energy & Industrial Strategy, the main barriers to entrepreneurship for women in the UK are a lack of confidence and a lack of knowledge about how to start a business.

Entrepreneurship in the UK by Region

In 2019, the region with the highest start-up rate in the UK was London, at 15.9%.
The South East and the East of England had start-up rates of 14.5% and 14.1% respectively.
The start-up rate for the North West was 12.3%, and for the West Midlands it was 11.5%.
The start-up rate for the East Midlands was 11.3%, and for the South West it was 10.9%.
The region with the lowest start-up rate in the UK was the North East, at 8.7%.

Successful UK Entrepreneurs

There are some notable entrepreneurs in the UK who have achieved significant success in their respective industries. For example:

Sir Richard Branson is the founder of the Virgin Group, which is a diverse conglomerate of businesses in industries such as travel, media, and health. He is known for his risk-taking and innovative approach to business.
James Dyson is an inventor and entrepreneur who is best known for developing the Dyson vacuum cleaner. He has also founded the James Dyson Foundation, which supports education and research in science, technology, engineering, and math.
Martha Lane Fox is an entrepreneur and philanthropist who co-founded Lastminute.com, an online travel and leisure company. She has also served as the UK’s Digital Champion, promoting the importance of digital literacy and access.
Elon Musk is an entrepreneur who is originally from South Africa but has lived and worked in the UK. He is the founder of SpaceX and Tesla, and has made significant contributions to the fields of space exploration and electric vehicles.

These are just a few examples of successful entrepreneurs in the UK. There are many others who have achieved success in a variety of industries and sectors.

Importance of Entrepreneurship

Entrepreneurship is important in the UK for several reasons. First and foremost, it drives economic growth and creates jobs.

By starting and running their own businesses, entrepreneurs can contribute to the overall prosperity of the UK economy. They can also bring innovative products and services to the market, which can improve the quality of life for people in the UK.

Entrepreneurship is also important because it allows individuals to be their own boss and pursue their own interests and passions.

It can be a fulfilling and rewarding career path for those who have the drive and determination to succeed.

Additionally, entrepreneurship can be a way for people to make a positive impact in their communities, whether by solving a local problem or providing a much-needed service.

Overall, entrepreneurship plays a vital role in the UK by promoting economic growth, creating jobs, and fostering innovation and progress.

Esports Market Size in the UK

Esports UK Market Size – Report

The esports industry in the UK is worth an estimated £1.5 billion.
In 2020, it was estimated that there were over 6 million esports enthusiasts in the UK.
Around 29% of the UK population (aged 16-24) are interested in esports.
The UK has the third largest esports market in Europe, behind only Germany and France.
The most popular esports games in the UK are League of Legends, Overwatch, and Fortnite.
In 2020, the UK hosted a number of high-profile esports events, including the FACEIT London Major for Counter-Strike: Global Offensive and the League of Legends European Championship.
The UK government has recognized the growing importance of esports, with the Department for Digital, Culture, Media, and Sport (DCMS) launching a dedicated esports action plan in 2019.
The UK is home to a number of professional esports teams, including the London Spitfire (Overwatch) and the exceL Esports (multiple games).

Esports in the UK: Revenue and Investment

In 2021, it is estimated that the esports industry in the UK will generate revenue of £300 million.
Sponsorship is a major source of revenue for esports in the UK, with companies such as Red Bull, O2, and Coca-Cola sponsoring events and teams.
Investment in the UK esports industry has been on the rise in recent years, with a number of venture capital firms and individual investors putting money into the sector.
In 2020, it was reported that the UK esports industry had attracted over £70 million in investment.
The UK government has also provided funding for esports initiatives, including a £1 million investment in the British Esports Association in 2019.

Esports in the UK: Participation and Viewership

The number of people participating in esports in the UK is growing rapidly, with an estimated 4 million people playing competitively in 2021.
The most popular esports titles in the UK are multiplayer online battle arena (MOBA) games and first-person shooter (FPS) games.
In terms of viewership, the UK is home to a large and engaged esports audience. It is estimated that over 10 million people in the UK watched esports in 2020.
The UK is also home to a number of high-profile esports tournaments and events, including the Gfinity Elite Series and the Insomnia Gaming Festival.
The UK has a number of dedicated esports venues, including the Gfinity Arena in London and the Belong Gaming Arenas, which are located in various shopping centers around the country.

Additional statistics about the esports industry in the UK

According to a report from Newzoo, the UK is home to the fifth largest esports audience in the world, with over 10 million esports enthusiasts.
A survey conducted in 2020 found that 35% of UK esports viewers were aged 25-34, while 31% were aged 18-24.
The UK has a high concentration of professional esports teams, with over 100 teams based in the country.
The UK is home to a number of high-profile esports leagues and tournaments, including the UKLC (League of Legends) and the UK Masters (multiple games).
In terms of revenue, it is estimated that the esports industry in the UK will generate £300 million in 2021, with sponsorship and advertising accounting for a significant portion of this figure.
The UK government has been supportive of the esports industry, with the DCMS launching a dedicated esports action plan in 2019 and providing funding for initiatives such as the British Esports Association.
According to a report from the British Esports Association, the UK esports industry is expected to create over 8,500 jobs by 2025.

Sponsorships and revenue in the esports industry in the UK:

Sponsorship is a major source of revenue for the esports industry in the UK, with companies such as Red Bull, O2, and Coca-Cola sponsoring events and teams.
In 2020, it was reported that the UK esports industry had attracted over £70 million in investment, with a number of venture capital firms and individual investors putting money into the sector.
The UK government has also provided funding for esports initiatives, including a £1 million investment in the British Esports Association in 2019.
In terms of sponsorship revenue, it is estimated that the UK esports industry will generate £100 million in 2021.
Advertising is another significant source of revenue for the esports industry in the UK, with it estimated to generate £100 million in 2021.
Ticket sales and merchandise are also important sources of revenue for the esports industry in the UK, with it estimated to generate £50 million and £50 million respectively in 2021.
Overall, it is estimated that the esports industry in the UK will generate revenue of £300 million in 2021.