Recent news headlines relating to UK businesses, entrepreneurs, and sole traders.
13 December 2022 – Small businesses are facing an uphill struggle, but despite this over half of them are confident they will survive these tough times. According to a survey commissioned by HSBC, 65% of small businesses are confident they will survive the current economic situation, with 38% believing that their profits will increase in … Read more
6 December 2022 – A new review into payment practices and effectiveness of current measures has been launched by the Government to help protect small businesses, who are currently owed over £23bn in unpaid invoices, from late payments by big firms. The Business Secretary Grant Shapps has launched a comprehensive review to tackle late payments … Read more
29 November 2022 – Rising energy bills and the lack of certainty about what government support there will be after March 2023 could mean many small businesses might close this spring. When Jeremy Hunt delivered his autumn budget on 17 November, small businesses were hoping to hear more about how they will be supported after … Read more
22 November 2022 – Last Thursday, the Chancellor, Jeremy Hunt, delivered the long-awaited autumn budget. Many measures included will have an impact on small businesses, some are good news, but many are bad news. When Jeremy Hunt took to the dispatch box on 17 November to deliver his autumn budget, the country held its breath. … Read more
15 November 2022 – New research has shown that start-ups and fast-growing businesses want the UK Government to focus on policies that will protect the environment. According to a survey conducted by Crowdcube, start-ups and fastest growing businesses want policy focus to be on growth without damaging the environment. They are telling the Government that … Read more
8 November 2022 – While world leaders come together for COP27 in Egypt this week to discuss climate change and how it can be stopped, 85% of small UK businesses are committed to getting climate change issues high on the agenda of their companies. On 6 November the UN Climate Conference COP27 – COP stands … Read more
According to research by digital bank Cashplus Bank, 9 out of 10 small businesses in the UK have seen their business running costs rise above their income in the past six months. Cashplus Bank analysed data from 150,000 small businesses, which showed that an overwhelming majority, nine out of ten, have seen their business running … Read more
As the new Prime Minister, Rishi Sunak, prepares to move into No. 10, business confidence amongst small businesses shrinks, with 27% of business owners worried they will have to cease trading in the future. According to a YouGov survey, commissioned by Meta, survival is on the top of the agenda for most small businesses. 42% … Read more
When Kwasi Kwarteng and Liz Truss set out their growth plan last month, it was all about growing the economy and cutting taxes. Now Mr Kwarteng has lost his job and the new Chancellor, Jeremy Hunt, is pulling apart the PM’s economic plans. On Friday, Liz Truss announced that she had fired her Chancellor Kwasi … Read more
While Brexit and COVID-19 caused huge challenges for small businesses, inflation & the cost-of-living crisis are seen as much worse by 64% of small business owners. As part of their survey, WorkLife by OpenMoney surveyed 750 decision makers for finance and HR at small and medium-sized enterprises (SMEs). The results of the latest Small Business … Read more