Consumer Demand Continues To Weaken

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Consumer Demand Continues To Weaken

24 January 2023 – Despite inflationary pressures improving, new data shows that consumer demand has decreased again in December. According to Lloyds Bank‘s UK Sector Tracker for December 2022, consumer demand, which is measured by the number of new orders, continued to decrease in the last month of 2022. However, it’s the slowest contraction since … Read more

How To Overcome The Fear Of Failure When Starting A Business

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How To Overcome The Fear Of Failure When Starting A Business

The fear of failure is, unfortunately, a very common occurrence that can prevent a lot of us from taking risks, trying new things, and achieving our goals. Although it might come across as a way to protect yourself, ultimately, this fear holds you back – particularly if you’re trying to start a business. Wouldn’t it be … Read more

Reduced Energy Bill Support Puts Many Small Businesses At Risk

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Reduced Energy Bill Support Puts Many Small Businesses At Risk

17 January 2023 – Last week the Chancellor announced details of the new Energy Bill Discount Scheme for Businesses, which will start on 1 April 2023. It will replace the current relief scheme, but many small businesses think that the reduced energy bill support will not be enough. After months of uncertainty, Jeremy Hunt has … Read more

Is This The End Of The High Street As We Know It?

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Is This The End Of The High Street As We Know It?

10 January 2023 – Last year saw over 17,000 shops close their doors permanently, sparking fears of the end of the high street. In 2022, a wave of store closures, at a rate of on average of 47 shops per day, has hit high streets across the UK. In total, 17,145 retail stores have closed … Read more

These Small Businesses Are Killing It On Social Media

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5 Examples of Small Businesses Killing It On Social Media

Over 3.8 billion people use social media worldwide – over 50% of the world’s population. Moreover, this number will only continue to grow as customers use social media to do everything from connecting with others to shopping and discovering news.  As a business, social media can be an incredibly useful tool to connect with your … Read more

What 2023 Has In Store For Small Businesses

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What 2023 Has In Store For Small Businesses

4 January 2023 – The past three years have been challenging for small businesses in the UK, so we look at what 2023 has in store for them. A pandemic, rising inflation, supply chain issues, the war in Ukraine, soaring fuel costs and rising interest rates are just some of the many obstacles small UK … Read more

Find Out All About Micro-Entity Accounts You Need To Know

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Micro-Entity Accounts Explained

Some small businesses can be classified as micro-entities, allowing them to file simpler accounts – discover what micro-entity accounts are and more here.

Strikes Causing Big Problems For Small Businesses

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Strikes Causing Big Problems For Small Businesses

20 December 2022 – Already struggling small businesses now have to add the strikes to their list of things that impact on their business. The past three years have been tough for many small businesses. The pandemic with its several lockdowns and restrictions has made trading more difficult and increased the costs. As the UK … Read more

65% Of Small Businesses Confident They Will Survive

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65% Of Small Businesses Confident They Will Survive

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