Will The Next Prime Minister Support Small Businesses?

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Will The Next Prime Minister Support Small Businesses?

Since the resignation of Boris Johnson, the Conservative Party is in the process of selecting their new leader and with that our next Prime Minister. MPs have now narrowed down the list of leadership hopefuls to two candidates. And while the new leader of the Conservative Party will also become the next Prime Minister, it … Read more

81% Of Small Businesses Struggle To Recruit New Staff

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81% Of Small Businesses Struggle To Recruit New Staff

According to new research by the Gatsby Foundation, the second-biggest overall concern for small businesses is their struggle to recruit new staff. With 97% of employers in England being small businesses, the struggle to recruit new staff will add to the already challenging situation. Almost 1 million small businesses are concerned about their difficulties in … Read more

Will The New Chancellor Support Small Businesses?

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Will The New Chancellor Support Small Businesses?

After the resignation of Rishi Sunak, a new Chancellor is in post, but can small businesses expect him to listen to their demands of support? The first signs looked promising, when Nadhim Zahawi, the new Chancellor of the Exchequer, signalled his openness to revise planned increases in corporation tax. His commitment to cutting taxes was … Read more

7.1% Fewer Company Incorporations Compared To Last Year

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7.1% Fewer Company Incorporations Compared To Last Year

According to newly released figures by Companies House, in 2021 to 2022 there were 753,168 company incorporations, a decrease of 7.1% compared to the previous year. However, it is still the second-highest number of company incorporations on record, with the highest number occurring in 2020 to 2021. Year by year new company incorporations: Year New … Read more

The Impact Brexit Had On The UK So Far

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The Impact Brexit Had On The UK So Far

In the run-up to the Brexit referendum there was a lot of talk about the opportunities UK businesses would gain by the UK leaving the EU. The Big Brexit report by the think tank Resolution Foundation has analysed the impact on the UK so far. Six years ago, the UK decided to leave the EU. … Read more

CBI Warns Of Recession Unless Government Acts Now

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CBI Warns Of Recession Unless Government Acts Now

After downgrading its GDP growth forecast from 5.1% to 3.7% in 2022, the Confederation of British Industry (CBI) is now warning the Government that unless it acts immediately, the UK risks sinking into a recession. The CBI wants the Government to focus on the economy and take decisive action now, before Parliament goes into summer … Read more

17% Increase In Footfall Thanks To Platinum Jubilee

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17% Increase In Footfall Thanks To Platinum Jubilee

Many small UK businesses have seen an increase in footfall as a result of the Platinum Jubilee celebrations, throwing them a lifeline during challenging times. According to the British Retail Consortium (BRC), during the Jubilee week, shops have seen an increase in footfall of more than 17% compared to May. This led to a boom … Read more

No Support For Small Businesses In The ‘Mini Budget’

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No Support For Small Businesses In The 'Mini Budget'

Last week, Rishi Sunak announced a cost of living package to support people with rising food and energy prices, but he has offered no support for small businesses. In recent weeks and months, small companies have called for an emergency budget to help with rising costs. But when the Chancellor announced his cost of living … Read more

Should Your Business Go Cash-Free?

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Should Your Business Go Cash-Free?

According to the recent figures published by the House of Commons, the use of cash for payments has gone down, setting us on a path to a cash-free society. Since 2015, cash payments have steadily been declining. While in this year, only 21 billion payments were cash-free, a year later this rose to 23 billion … Read more

Calls For Emergency Budget Are Getting Louder

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Calls For Emergency Budget Getting Louder

The British Chambers of Commerce (BCC) has joined calls for an immediate emergency budget to help small businesses to combat rising costs. Rising energy costs, increases in National Insurance Contributions (NICs) and Minimum Living Wages as well as supply chain issues are putting pressure on small UK businesses. The relentless financial pressure businesses have faced … Read more