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Recommendations made to boost government support for UK small businesses A series of recommendations has been made by the Small Business Taskforce to boost government support for UK small businesses. The Taskforce wants to ensure that the UK remains ‘one of the best places in the world to start and grow a business’. The Taskforce identifies that UK small business need increased access to support in areas such as: simplifying...
Making sure you pay your creditors on time is a key part of successfully growing a business. When your business experiences cashflow issues and your ability to keep up with payments is affected, it can be a difficult situation to navigate out of. At HJS Recovery we often hear business owners ask, “what happens when I can’t pay my tax on time?” For many, being in this particular predicament is a stressful time,...
The UK infrastructure continues to be a barrier to growth for businesses, and a recent survey by the British Chambers of Commerce (BCC) has provided some clarity as to just how much. Commenting for BCC, Jane Gratton, Head of Business Environment, said: ‘Businesses rely on the road and rail networks to connect with customers, suppliers and staff. It’s concerning that many businesses believe reliability has worsened in recent...
The Federation of Small Businesses (FSB) has released the latest insights from the Small Business Index (SBI). In the first quarter of 2018, the FSB’s Small Business Index (SBI), which monitors business confidence, stood at +6, up from -2.5 in the last quarter of 2017. What’s driving small business confidence? The SBI indicated that confidence amongst UK small businesses rose as a result of progress in regard to the government’s...
Charity StepChange has recently shared insight into the help it provided during 2017. A review of the charity’s work uncovered that for most age groups, financial difficulties arose as the result of an income shock, such as divorce or redundancy, as opposed to poor budgeting. Those more likely to fall into finance problems through lack of or poor budgeting were the under-25s group. Personal insolvencies continue to rise The...
