Changes To PAYE Will Affect SMEs
The current PAYE system, which relies on employers submitting their tax return annually is being changed from April next year but according to a recent survey, many small and medium-sized businesses (SMEs) have no idea that the changes or coming or of how they will impact on them.
Banks Need More Competition
According to the Federation of Small Businesses (FSB) the banking sector needs more competition rather than lending targets if it is to give small firms a better deal.
Figures show that the number of banks in the UK has fallen by 20 per cent in the last 10 years and the financial crisis c
Britain’s Future Could Be ‘Young Enterprise’
Following the publication yesterday of figures showing that the UK economy is in danger of ‘flatlining’, a campaign has been started, headed by Young Enterprise, calling for employability and entrepreneurship education to be placed on the curriculum in UK schools.
Eighty companies inc
UK Economy May Have Contracted
Some analysts are predicting that the UK economy may have contracted during the first half this year, as figures to be published today may well reveal.
The Office for National Statistics (ONS) will almost certainly show a sluggish growth of 0.3 per cent at best for the second quarter, wit
UK Growth “Not Great”
In advance of the publication tomorrow of the last quarter’s GDP figures, Business Secretary Vince Cable has said that growth in the UK economy “isn’t great.”
Dr Cable also suggested the Bank of England may have to engage in more quantitative easing (QE) as growth stalls. He said
Eurozone Impact on UK Business
At an historic meeting yesterday, the heads of the 17 eurozone governments agreed that “controlled failure” was the only way to prevent the collapse of the single currency and ensuing global economic crisis.
In the financial deal that was agreed, private lenders, including the IMF and
Auto Enrolment Will Affect SMEs
From October 2012 employees will start to be automatically enrolled in the employer’s pension scheme and earlier this week the Department for Work and Pensions published draft regulations to cement workplace pension saving reforms.
However, a quarter of employers believe that more than
Other Avenues For Small Business Funding
The Treasury is looking at a new bond alternative to small business financial lending from banks at a time when high street banks are rejecting entrepreneurs and small business owners at a record rate.
Research has shown that fast-growing, innovative businesses are responsible for the lio
Keep It In The Family If You Want To Be Happy
According to research by Birmingham University for the official Workplace Employment Relations Survey, family-run businesses have happier and more loyal staff than their private and public sector counterparts, despite working longer hours.
The finding of the survey of 2,000 workplaces and
Interest Rates May Rise Sooner Than Expected
Interest rates may rise by a quarter of a point as early as November, according to predictions from the Ernst & Young ITEM club.
Going against popular opinion amongst analysts, Peter Spencer, ITEM's chief economic adviser, has said that, as long as European and US policymakers
156 of Britain’s most enterprising and talented individuals gathered at Buckingham Palace last night to meet the Queen and other members of the Royal Family.
The attendees were announced as this year’s winners of the Queen’s Award For Enterprise 2011 and are people who have played a
Future Pensions Liability
The Office for Budget Responsibility (OBR) published figures yesterday showing that the UK's total liability for funding public sector pensions has reached £1.13 trillion.
Ministers are expected to use the data to reinforce their argument that pensions must be reformed, as a massive
Cheques To Stay
The banking industry has announced that it has decided not to scrap the use of cheques as a means of payment after all, following an outcry from the public and businesses.
The Payments Council, a banking industry body, had been planning to replace cheques by 2018. But after widespread cr
Smallest Firms Still Losing Out On Loans
According to an independent survey released yesterday by the British Bankers Association (BBA) Taskforce, small companies are being rejected for loans and overdrafts much more than they would have been before the financial crisis.
The survey of 5,000 small and medium-sized businesses (SME
Small Business To Be Central To UK Exports
The United Kingdom’s Trade and Investment agency (UKTI) has unveiled a new strategy, Britain Open for Business, which is at the heart of the Government’s drive to promote growth through trade and investment.
Launched in May, it sets out plans to provide practical support to exporters
Figures from the Office for National Statistics (ONS) show that UK manufacturing output jumped by the largest amount in a year in May following a sharp drop in April due to the abnormally large number of public holidays that month.
The growth, a rise of 1.8 per cent, beat forecasts for a
Made in Britain or Europe?
In the wake of the Derby factory of train maker Bombardier missing out on the £1.4bn Thameslink contract, unions and opposition politicians have called for the government to review its decision to choose German company Siemens to build 1,200 carriages for the Bedford to Brighton route.
Ministers To Experience Small Business First-Hand
In a scheme devised by the Forum of Private Business (FPB), MPs across the UK are set to learn about the realities of running a small business through special work experience placements between now and September.
Almost 100 MPs have signed up to the scheme so far, including Cabinet Offic
Banks To Mentor Small Business
The UK’s five largest banks are to participate in mentoring schemes aimed at helping smaller businesses grow and develop in areas such as finance, HR and marketing.
Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander are recruiting current and retired employees to
Prepare For Old Age
With the Dilnot report on funding for long-term care of the elderly out today, most politicians have realised that the majority of the cost of caring for an ageing population will have to be met by the Government.
Andrew Dilnot’s review of social care has been called a "once-in-a-l
British Jobs For British Workers… Again?
In a speech in Madrid to the Spanish Foundation for Analysis and Social Studies think-tank, Iain Duncan Smith, Secretary for Work and Pensions, will say that UK businesses should recruit more unemployed young Britons rather than relying on labour from abroad.
He will go on to say that if
- Changes To PAYE Will Affect SMEs