Category Archives: UK Economy

Time to Ebay your invoices?

In a previous blog post we revealed that nearly a third of small business loan applications were rejected outright in 2010. Little wonder that small businesses are shying away from the banks then, and seeking funding from elsewhere. But of …

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Tax Tip for Property Investors

Royal Assent has now been granted, this means that the proposals put forward in the budget (as amended) are now law. For serious property investors this offers possibilities of reducing Stamp Duty Land Tax by making a making a number …

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24 European banks feeling the stress…

Results of the latest Bank Stress Tests are in – and eight of the 90 European banks tested have failed to show they can withstand another financial crisis. A further 16 banks were deemed to be ‘in the danger zone’, …

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Small business loan? You’ll be lucky…

28% of small businesses applying for a loan last year were turned down, according to a survey by Business Monitor. That’s compared with just 4% rejected back in 2007. The figures show the true impact of the financial crisis on …

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Can’t pay your PAYE?

If your firm is in a position where you cannot pay the PAYE, what can you do? Although HMRC have a tough stance on monies owed. We believe that you would be better off to notify the HMRC at an …

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Tip for business owners

It is very easy for company expenditure to go unchecked, particularly if you have company credit cards. So we advise business owners to cancel all company credit cards. Ensure all expenditure is countersigned by a Director. Create an expenditure matrix, …

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Landlords to benefit from boom in rental demand

The Association of Residential Letting Agents has reported that there are more prospective tenants on their agents books than properties to let. Just two years ago only one in ten of agents had a surplus register of tenants. Many people …

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Planning applications must be speeded up for small businesses

A business group has urged the Government to fast-track the process of planning applications for smaller firms. Concerns are that small businesses are deterred from expanding their premises because of concerns about having to go through a drawn-out, complicated planning …

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If you are an employer or an employee then you will have been fed the line over the years that national insurance is not a tax. Now the government is taking views merging income tax and national insurance

At the moment, the income tax and national insurance systems work separately from each other, but the Government believes that greater integration of the two has the potential to remove economic distortions, reduce admin for businesses, and improve fairness for …

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Banking initiatives disguise tardy lending and poor treatment of small business

John Walker, the chairman of the FSB, recently highlighted the plight of small firms. Mr Walker said: “These figures tell us what we already knew: the very smallest businesses are the ones bearing the brunt of a contraction in bank …

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According to a recent study- “Entrepreneurs are increasingly looking to a brighter future”

While some analysts are predicting more tough times ahead for the economy, many entrepreneurs are optimistic about the future, according to a new study. The study by the Investec Entrepreneur Confidence Index, which surveyed over 150 business owners, found that …

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Economy showing signs of slowing, says think-tank

With all the emphasis on the bail out to Greece and the likely future financial support for other European economies, one might be persuaded to think that the UK is in a different financial sphere – or on a different …

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How to ensure you create a wealthy future …

Buying a commercial premises should be a high priority for business owners, however many are put off because they do not know how to go about it and think they cannot afford it. But what if I told you that …

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Manufacturers enjoy bounce back

The output of the UK’s manufacturers showed an increase in May. There had been a distinct slowdown in the previous month. It has been said that the improvement in the UK manufacturing sector is a measure of how successful the …

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Raise interest rates to protect savings, Bank urged

A campaign group has written to the Bank of England calling on its rate-setting Monetary Policy Committee to raise the cost of borrowing. Save Our Savers argued that a combination of very low interest rates and stubbornly high inflation has …

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Government looks to boost small business investment

The Treasury is holding a consultation on ways and means of increasing the level of funds that are invested in smaller enterprises. The hope is to encourage investors to put more money into start-ups and small firms with high growth …

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Skills training needs improvement

Despite the best efforts of governments over the past decade, the UK is still suffering from a skills shortage. A new report published by the Institute of Directors states that  some 47 per cent of company directors reported that some …

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Fears and foreboding regarding new proposed pension contributions and costs for employers

A new study claims that business owners  would be more prepared to take on new employees if the regulations surrounding employment were eased. One wonders why time is spent on studies like this, when they are only stating the blindingly …

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Make carbon reporting mandatory but also flexible

The CBI has said that the Government needs to make carbon emission reporting mandatory but also urged a simplification of the rules and time-wasting duplication. Many say that board rooms need to be aware of energy costs and the importance …

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Overhaul banking sector to help smaller firms says FSB

The FSB has urged a radical reform of the banking system in order to give small businesses a fair crack of the whip at securing finance. This was in response to the a statement by the Independent Commission on Banking …

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