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.

High Interest Rates And Inflation Still Challenging SMEs

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High Interest Rates And Inflation Still Challenging SMEs

23 May 2023 – After the Bank of England has raised the base rate again, small businesses continue to face high interest rates and inflation, which could damage their prospects severely. For the 12th consecutive time, the Bank of England (BoE) has raised the base rate, from 4.25% to 4.5%. The Bank is still trying … Read more

“Smarter Regulation” Bill To Reform UK Employment Law

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"Smarter Regulation" Bill To Reform UK Employment Law

16 May 2023 – The Government has announced their intention of reforming the UK employment law. Through the “Smarter Regulation” bill Downing Street wants to remove red tape for businesses. After Brexit, the UK Government announced its intention to review all EU laws that are currently part of the UK’s statute book with the aim … Read more

92% Of Employees Want Training Opportunities

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92% Of Employees Want Training Opportunities

9 May 2023 – The employment landscape is changing, with pay packages and benefits no longer the most important factor in choosing an employer. Instead, training opportunities are now on the top of the list. The pandemic started the so-called “Great Resignation”, where many employees were leaving their jobs in search of work that is … Read more

47% Of Workers Don’t Believe In Traditional Employment

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47% Of Workers Don't Believe In Traditional Employment

2 May 2023 – Traditional employment is no longer seen as the safest option when it comes to job security. This has led many to reassess their career plans and look for alternatives. UK businesses had a tough few years, with a pandemic followed by a labour shortage and rising costs. And the challenging times … Read more

Will 2023 Be The Year Of Redundancies?

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Will 2023 Be The Year Of Redundancies?

25 April 2023 – Redundancies have made the news a lot this year already with many big companies laying off staff to mitigate higher costs, including Amazon, Meta, Twitter, Tesco and Wilko. Due to Brexit and the pandemic, 2022 has seen a labour shortage, which made finding the right staff difficult for small businesses. Recruitment … Read more

93% Of Apprentices Stay In Same Company After Qualification

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93% Of Apprentices Stay In Same Company After Qualification

11 April 2023 – New research has shown that retention among apprentices is very high, with 93% staying in the same company after they have qualified. The UK is suffering from a shortage of skilled labour, which has a big impact on many small businesses. Not being able to get the right staff for the … Read more

Changes In The Tax Year 2023/24 For Small Businesses

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Changes In Tax Year 2023/24 For Small Businesses

4 April 2023 – The tax year 2023/24 has started, which means several changes will come into effect. Many of these will affect small businesses. With every new tax year, changes come into effect. After a very challenging year, many small businesses are bracing for more headwinds, as some changes will put more pressure on … Read more

Cost-Of-Living Crisis Is Impacting Workplace Culture

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Cost-Of-Living Crisis Is Impacting Workplace Culture

28 March 2023 – New research shows that 95% of small and medium-sized enterprises (SMEs) say that workplace culture is suffering due to the cost-of-living crisis. Spending solutions firm Pleo has released its newest State of Spending Report, which shows that 95% of small businesses leaders feel that the cost-of-living crisis puts workplace culture at … Read more

Spring Budget 2023: What It Means For Small Businesses

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Spring Budget 2023: What It Means For Small Businesses

21 March 2023 – On Wednesday the Chancellor has delivered his first spring budget, which he also called the “back-to-work budget”, indicating what his main focus is. In the weeks leading up to the spring budget, Jeremy Hunt has emphasised that economic growth will be the cornerstone of the measures he will announce. A main … Read more

Economic Inactivity Expected To Feature Heavily In Budget

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Economic Inactivity Expected To Feature Heavily In Budget

14 March 2023 – The Chancellor will deliver his spring budget on 15 March, and it is expected that combating economic inactivity will play a big role in the Government’s plans. Before any budget, there is much speculation about what will be in it. And it’s no different for this spring budget, which Jeremy Hunt … Read more