In The News Archives | Page 8 Of 24

Unpaid Invoices Worth Over £23bn Owed To Small Businesses

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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

24% Of Small Businesses Might Close This Spring

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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

Autumn Budget 2022: Pain Or Gain For Small Businesses?

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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

Environment Top Priority For Start-Ups In The UK

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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

COP27 Under Way As Small Businesses Committed To Net Zero

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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

Business Running Costs Outstrip Income For Small Businesses

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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

Business Confidence In Free-Fall

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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

New Chancellor Scraps PM’s Economic Plans

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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

Inflation & The Cost-Of-Living Crisis Biggest Issue For SMEs

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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

Challenges Small Businesses Will Face In The Next Months

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Although the UK Government has announced a package to help small businesses and households with energy bills, the fallout from the so-called mini-budget could create challenges for small businesses. Small businesses will have breathed a sigh of relief after Liz Truss announced that households as well as businesses will get support with their energy bills … Read more