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The UK government have launched the phase of their business bank with an announcement that there will be an investment of £300m in the venture. This money is the first slice of a potential £1bn worth of new capital, with the main aim being to give small firms struggling to secure financing access to funds. [...]  Small businesses in the UK saw their payment performance increase over the first quarter of 2013 with must able to pay their bills about five days faster when compared to the first quarter of 2012. During the first three months of this year small companies that only had one or two people employed were able [...] The Federation of Small Businesses has released figures to support their belief that the late March freeze cost UK SMEs a great deal of money. According to the FSB, over half of all SMEs were impacted by the cold weather that continued on throughout a great deal of the spring. They estimate that these businesses [...] Secretary of State Vince Cable stated at the FSB (Federation of Small Businesses) annual conference that the government is listening to what small businesses need and that they have taken action to address two of the most pressing issues for SMEs, including national insurance and petrol duty. The FSB conference was full of exciting new [...] Small business owners in the United Kingdom are ‘baffled’ about the different changes in the postal rates of the Royal Mail. These changes will take effect today and numerous businesses do not understand why the postal company increased their rates. Pitney Bowes is the world’s leading mail room equipment company and they too are affected [...] Bad news: small businesses here in the UK are breaking the law by unwittingly ignoring the Employers Liability insurance (EL). A specialist warns that almost fifty percent of Britain’s small businesses are accepting employees without the mandatory EL. Small businesses such as firms, enterprises etc. are required by the law to have EL if they [...] British small businesses will soon get an unexpected £70 million grant thanks to a new project from the government set to increase how available loans can be for companies. Three new companies will now lend to this government funding offer. They are URICA, Market Invoice and Beechbrook Capital. These will offer alternatives to usual bank [...] The relationship between small corporations and banks has been the subject of a new survey which revealed that the majority of investors provide little support when businesses themselves find that they are in financial difficulty, especially if those firms fail or sought to restart in a different direction following such failure. This is what the [...] Chuka Umunna, the shadow business secretary in UK’s Labour party, has decided to create a new campaign called the Small Business Saturday based on a US concept he found while travelling over there. In fact, he has been referred to as a British version of President Obama in that he is constantly bringing in new [...] Back in June of 2012 the Financial Services Authority (FSA) discovered that banks were guilty of mis-selling financial products to many SMEs. In fact, it is now estimated that as many as 40,000 products were mis-sold to small business owners. The findings from the pilot study revealed that about 90% of claims that the firms [...] |
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