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Federation of Small Businesses welcomes Chancellor’s latest budget

A spokesperson from one of the UK’s leading business organisations praised the chancellor for juggling everyone’s needs and coming up with a ‘brilliant budget’.

That praise came from (more…)

Hammond announces additional funding for workplace training

Chancellor of the Exchequer Phillip Hammond has pledged extra support for a range of training and skills initiatives.

During his speech at (more…)

Government develops new laws to help small businesses secure funding

The UK government is in the process of passing new regulations that will outlaw unfair contracts.

The changes will (more…)

UK SMEs still confident despite Brexit uncertainty

The latest research has shown that more than three quarters (77%) of SMEs in the UK are feeling confident over the future.

This research was carried out by CitySprint, a same-day courier service provider. It is the sixth time the company has interviewed 1,000 SME managers for its Collaborate UK survey.

The results of the survey showed that business confidence is gradually growing. In 2016, only 29% of those who answered CitySprint’s questions said that they felt confident about the future. By 2017, it was 46%. This year, 77% were feeling positive.

Firms which had been in operation for under three years, were more upbeat than the older ones were. Only 34% of the decision-makers in firms that were 15 to 20 years old were feeling confident about the future,

When asked about Brexit, 30% said they saw it as the main obstacle to growing their business over the coming 12 months. Despite this, many, especially the smallest firms, had yet to do anything to prepare for Brexit.

Interestingly, 39% of participants said that Brexit was currently having positive impacts. With the help of their team and accountants, Birkenhead firms and those in the Wirral, which narrowly voted in favour of remaining in the EU, are actively growing their activities in Europe.

In total, 41% were seeking out new customers on the European continent. While 20% were expanding into Asia and 25% into North America. Despite their concerns about Brexit, most SMEs were keen to grow internationally.

Patrick Gallagher, the chief executive of CitySprint Group, pointed out that more collaboration could help firms to achieve their goals faster. He said:

“Working together they will be able to weather the economic highs and lows and reach their ambitious growth plans – both at home and abroad.”

UK SMEs exports are up by 30%

Since 2016, UK-based firms have been working hard to increase the amount they export, and research suggests that many of them have been very successful.

According to a (more…)

Vast majority of UK SMEs have no succession plan

A recent survey has uncovered the fact that most UK SME owners have not yet planned what to do with their business when they stop working.

The SME Future Attitudes study, which (more…)

New data released to enable business banking comparisons

As of 15th August 2018, banks are obliged to publicly share information on how likely it is that their customers would recommend their services. (more…)

Most UK SMEs feel upbeat about their future

A recent survey of 500 UK SMEs, carried out by Wesleyan bank, showed that over 54% of them were optimistic about the future.

It is the third time the (more…)

Staircase tax reversal brings relief to thousands of UK firms

The UK government is beginning the process of scrapping staircase tax levy.

On December 29, draft (more…)

A guide to preparing for the festive breaks

For many firms, this time of the year is a busy one. People everywhere are out buying presents, festive food and clothes for parties. Liverpool One, Bold Street, Church Street and the city’s other major shopping areas are (more…)

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