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CBI Warns Of Recession Unless Government Acts Now

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

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’

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 businesses 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?

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

61% Of New Business Owners Avoid Using Accountants

Only 28% Of Business Owners Intend On Using An Accountant

As a business owner, keeping your books in order is critical if you are to ensure you manage your cashflow, meet your legal requirements, and pay the correct amount of tax. Yet, 61% of new business owners say they intend on avoiding using an accountant. That’s according to data we have collected here at Business4Beginners … Read more

Calls For Emergency Budget Are Getting Louder

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

Online Sales Tax Supported By Independent Retailers

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%

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

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