In The News

Recent news headlines relating to UK businesses, entrepreneurs, and sole traders.

How The Mini-Budget Will Affect Small Businesses

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How The Mini-Budget Will Affect Small Businesses

On Friday, Chancellor Kwasi Kwarteng has delivered his long awaited mini-budget, in which he laid out his plan to boost the economy and support businesses. When Mr Kwarteng stood up in the House of Commons this Friday, he revealed, what he called, the biggest tax cuts in a generation. And the announcements in the mini-budget … Read more

Business Energy Support Package Delayed By Weeks

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Business Energy Support Package Delayed By Weeks

Chancellor Kwasi Kwarteng is set to announce details about the Business Energy Support Package at the end of this week in a mini budget. Since the announcement made by Liz Truss, after she became the new Prime Minister, that households and businesses will get support with energy bills, businesses are waiting to hear details. While … Read more

Energy Bill Support A Lifeline for Small UK Businesses

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Energy Bill Support A Lifeline for Small UK Businesses

On Thursday the new Prime Minister, Liz Truss, has announced her Energy Bill Support Scheme to help households and small businesses through this winter. Soaring energy prices have pushed many small businesses in the UK to the brink, who were still recovering from the impact of the COVID-pandemic. Many were facing a tough winter, with … Read more

Will New PM, Liz Truss, Help Small Businesses?

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Will New PM, Liz Truss, Help Small Businesses?

On Monday, Liz Truss has been announced as new Prime Minister, beating her rival, Rishi Sunak, with 57% of the votes. While it has been expected, given the results of several polls, Liz Truss has been announced as the new leader of the Conservative Party and Prime Minister, but she has beaten her rival, Rishi … Read more

Fall In Sales Volume By 6.9% In July For Small Businesses

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Fall In Sales Volume By 6.9% In July For Small Businesses

According to new data by accounting service Xero, small and independent retailers are impacted the most by declining sales, with a fall in sales volume for July of 6.9% compared with other industries a year ago. For their monthly index, Xero analysed data from the accounts of hundreds of thousands of small businesses and the … Read more

53% Of Small Businesses Expect To Fold Within A Year

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53% Of Small Businesses Expect To Fold Within A Year

According to data published by the Federation of Small Businesses (FSB), more than half of small businesses expect to fold, stagnate or shrink in the next 12 months. The FSB has released its Small Business Index for Q2 2022. Their data shows that only 47% of small businesses surveyed expect to grow in the next … Read more

Only 12% Of SMEs Prepared To Recruit New Staff

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Only 12% Of SMEs Prepared To Recruit New Staff

Amid warnings of a looming recession, small and medium enterprises (SMEs) put the breaks on spending and abandon plants to recruit new staff. While back in March 37% of UK SMEs were looking at recruiting new staff, now only 12% are planning to do so, according to new data from the Association of Chartered Certified … Read more

Impact Of A Recession On Small Businesses

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Impact Of A Recession On Small Businesses

The Bank of England (BoE) has raised interest rates again, from 1.25% to 1.75%. And it’s also warning that the UK is heading for a recession. And the impact of a recession on small businesses could be devastating. To combat rising inflation, the BoE has raised interest rates for the sixth time in a row, … Read more

Will The Next Prime Minister Support Small Businesses?

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Will The Next Prime Minister Support Small Businesses?

Since the resignation of Boris Johnson, the Conservative Party is in the process of selecting their new leader and with that our next Prime Minister. MPs have now narrowed down the list of leadership hopefuls to two candidates. And while the new leader of the Conservative Party will also become the next Prime Minister, it … Read more

81% Of Small Businesses Struggle To Recruit New Staff

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81% Of Small Businesses Struggle To Recruit New Staff

According to new research by the Gatsby Foundation, the second-biggest overall concern for small businesses is their struggle to recruit new staff. With 97% of employers in England being small businesses, the struggle to recruit new staff will add to the already challenging situation. Almost 1 million small businesses are concerned about their difficulties in … Read more