News Team

The Business4Beginners news team consists of several writers who each have their own unique experience in businesses. By keeping their fingers on the pulse, they bring you the latest in news and trends impacting small UK businesses.

Online Sales Tax Supported By Independent Retailers

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Online Sales Tax Supported By Independent Retailers

In a letter to the Chancellor, the Retail Jobs Alliance writes that the majority of its members support an online sales tax. The Retail Jobs Alliance is a lobbying group, that includes big companies such as Tesco, Sainsbury’s, Waterstones, Morrisons and Co-op Group. The aim of the group is the elimination of the shop tax, … Read more

Number Of Businesses In Critical Distress Has Risen By 19%

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Number Of Businesses In Critical Distress Has Risen By 19%

According to recent research by insolvency expert Begbies Traynor Group, the number of businesses in critical distress has risen by 1,891 in the first three months of 2022. This rise in the number of businesses in critical distress, which means they are at risk of failing, is concerning, as it is almost a fifth higher … Read more

Cost Of Living Crisis Hits Small UK Businesses

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Cost of Living Crisis Hits Small UK Businesses

According to new figures by the Office for National Statistics (ONS), the economic recovery that seemed so promising after Covid restrictions were lifted, has slowed down in April as the cost of living crisis hits. Recent ONS statistics show, retail sales volumes in the UK fell by 0.5% in February and 1.4% in March. This … Read more

Price Increases Only Option For 26% Of SMEs

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Price Increases Only Option For 26% Of SMEs

Due to increased financial pressure on Small and Medium Enterprises (SMEs), one in four already had to enact price increases, according to a study by lending firm iwoca. The small business lender surveyed over 500 small business owners and found that 46% are hugely concerned about the increased running costs of their businesses. Followed by … Read more

Cyberattacks – Is Your Business At Risk?

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Cyberattacks - Is Your Business At Risk?

According to research commissioned by BT, thousands of small UK businesses are not protected from cyberattacks due to having no or insufficient cybersecurity. 1,000 decision makers at UK businesses were questioned about cybersecurity. The answers showed that 51% of micro businesses, businesses with 0-5 employees, are not protected from cyberattacks. Not necessarily because they don’t … Read more

11% Increase In Company Insolvency In 2021

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11% Increase In Company Insolvency In 2021

According to a report by advisory firm Quantuma, there was an 11% increase in company insolvency compared to 2020. This means in 2021, 14,048 businesses have failed, compared to 12,635 in the previous year. Quantuma is predicting an increase in company insolvency by 20% in 2022 and expects that 19,000 businesses to fail by 2024, … Read more

Brexit Is Hampering Recovery Of The UK Economy

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Brexit Is Hampering Recovery Of The UK Economy

According to the Office for Budget Responsibility’s (ORB’s) latest economic and fiscal outlook report, the effects of Brexit are impacting on the recovery of the UK economy. The financial watchdog has released its latest report about the economic and fiscal outlook, and predicts that international trade will continue to be down by 15%, as a … Read more

Has The Spring Statement Delivered For Small Businesses?

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Has The Spring Statement Delivered For Small Businesses?

Yesterday, Rishi Sunak, the Chancellor of the Exchequer, announced his Spring Statement in Parliament. But has he heeded calls to support small businesses? High energy and fuel costs, rising inflation and high prices on many commodities have put financial pressure on small businesses. Especially, as many are still recovering from the pandemic. This prompted organisations … Read more

Support Small UK Businesses, FSB demands from Chancellor

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FSB Calls On Chancellor To Support Small Uk Businesses

The new Chair of the Federation of Small Businesses (FSB), Martin McTague, has written a letter to the Chancellor, Rishi Sunak, calling on him to scrap the National Insurance Contribution (NIC) increase to support small UK businesses. The FSB warns that 280,000 businesses are at risk of collapse and calls on the Chancellor to announce … Read more

How Ukraine Conflict Could Affect Small UK Businesses

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How Ukraine Conflict Could Impact Small UK Businesses

As the Ukraine conflict unfolds and the world watches on in horror, its effects on the UK economy become clear. And small UK businesses are likely to feel the effects of this conflict dearly. When Russia invaded Ukraine on 24 February, the world was shocked. Since then, economies all over the world, including the UK … Read more